Migration and implicit amenity markets: does incomplete compensation matter?
提出方法衡量工资对城市特征的不完全补偿，并检验其是否影响迁移决策，发现不完全补偿确实起作用，结果支持空间均衡趋势。
We first develop an empirical approach for generating measures of wage over or under compensation (incomplete compensation) for location attributes. We then devise a method to test whether migration is influenced by incomplete compensation in wages or location characteristics. An intercity wage regression is estimated where fixed effects capture the impact of site characteristics on wages. We then regress the fixed effects on a comprehensive vector of site attributes, where the residuals from this stage capture incomplete compensation in wages. The derived measures of incomplete compensation are included in a standard microdata‐based discrete choice model of migration. The results suggest that incomplete wage compensation for site characteristics matters in migration decisions, and the findings are consistent with tendencies toward spatial equilibrium in the distribution of population.