TIME, HEDONIC MIGRATION, AND HOUSEHOLD PRODUCTION*
构建了一个享乐主义迁移模型,将区域便利设施视为影响家庭生产的因素,发现经济增长会使迁移流向更节省时间的区域,并推高这些区域的住房成本。
"A hedonic migration model is developed where regional amenities are viewed as influencing household production within the framework of the new demand theory. The inputs to household production are goods, time and housing. It is shown that economic growth in the economy as a whole will increase the relative attractiveness of regions that are relatively time-saving, in the sense that they have a lower time elasticity of household production. Hence, migration will flow into time saving regions and housing costs in those regions will rise as real GDP grows." The implied geographical focus is on the United States.