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The Effects of Housing Prices, Wages, and Commuting Time on Joint Residential and Job Location Choices

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  • So, Kim S.
  • Orazem, Peter F.
  • Otto, Daniel M.

Abstract

Rural areas facing declining populations and limited economic growth have attempted a variety of strategies to counter these trends. Traditional strategies include developing value- added agriculture and resource-based industries, recruiting new industrial firms, and tourism/retirement-based strategies. More recently, analysts and policymakers have reconsidered a regional system approach to developing rural places (Rusk 1995; Galston and Baehler 1995; Henry and Barkley 1997). The relatively stronger economic performance of urban centers suggests that nearby places may be able to benefit from outsourcing or networking with urban-based firms as well as allowing an expanded labor base to commute to jobs in urban places.

Suggested Citation

  • So, Kim S. & Orazem, Peter F. & Otto, Daniel M., 1998. "The Effects of Housing Prices, Wages, and Commuting Time on Joint Residential and Job Location Choices," ISU General Staff Papers 199801010800001025, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:199801010800001025
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    JEL classification:

    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis

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