Time: 14:00 – 15:00
Location: Kraks Fond Byforskning, Frederiksholms Kanal 30 1220 København K
We construct Quality of Life (QOL) index that measure representative household’s willingness-to-pay for local amenities for the 98 municipalities covering Denmark. Using this index we investigate the importance of the commuting costs and transport infrastructure investments for households quality of life. We find that the QLO index varies considerably between municipalities, and is typically high in the Greater Copenhagen Area and other large cities in Denmark. Wages and rents are also substantially higher in the urban areas that are dense. Our empirical results suggest that proximity to the nearest highway ramp and the quality of public transport system are positively related to the marginal willingness-to-pay for local quality of life.