Multimarket Amenity Compensation and the Behavior of the Elderly

Graves, Philip E.; Waldman, Donald M.

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Multimarket Amenity Compensation and the Behavior of the Elderly

American Economic Review, Vol. 81, No. 5, 1991

8 Pages Posted: 31 Jul 2010 Last revised: 8 Aug 2010

See all articles by Philip E. Graves

Philip E. Graves

University of Colorado at Boulder - Department of Economics

Donald M. Waldman

University of Colorado at Boulder - Department of Economics

Date Written: 1991

Abstract

This paper did not have an abstract at publication. However, it shows that retirees move, as expected in the Roback model, to where amenities are largely capitalized into labor markets. To examine the extent that spurious correlations might be responsible, the mobility of the non-retired workers was examined, and for this sub-group the share of compensation occurring in the labor market versus the land market was non-significant.

Keywords: Amenities, wage compensation, rent compensation, elderly mobility

Suggested Citation: Suggested Citation

Graves, Philip E. and Waldman, Donald M., Multimarket Amenity Compensation and the Behavior of the Elderly (1991). American Economic Review, Vol. 81, No. 5, 1991, Available at SSRN: https://ssrn.com/abstract=1438673