Scandinavian Working Papers in Economics
Working Papers in Economics,
University of Bergen, Department of Economics
No 17/05: Effects on housing prices of urban attraction and labor market accessibility
Liv Osland () and Inge Thorsen ()
Additional contact information
Liv Osland: Stord/Haugesund University College, Postal: Bjørnsonsgt. 45, N-5528 Haugesund, Norway
Inge Thorsen: Stord/Haugesund University College, Postal: Bjørnsonsgt. 45, N-5528 Haugesund, Norway
Abstract: Through a hedonic approach this study primarily focuses on how house prices vary systematically with respect to some general spatial structure characteristics in a Norwegian region. The introduction of a gravity based labor market accessibility measure contributes significantly to explain variation in housing prices, also in a model formulation where the distance from the city center is accounted for. Based on these results we suggest a distinction between an urban attraction effect and a labor market accessibility effect. Quantitatively, the two distinct effects are found to contribute about equally to intraregional variation in housing prices.
Keywords: house prices; urban attraction; labor market accessibility; hedonic approach; price and accessibility gradients
29 pages, December 16, 2005
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