A New Way of Monitoring the Quality of Urban Life

34 Pages Posted: 14 Dec 2011

See all articles by Eduardo A. Lora

Eduardo A. Lora

Inter-American Development Bank (IDB) - Research Department

Andrew Powell

Inter-American Development Bank (IDB); Universidad Torcuato Di Tella - School of Business; Harvard University - Center for International Development (CID)

Date Written: November 2011

Abstract

This paper proposes a methodology to resolve the problems that result from using a combination of objective and subjective information in evaluating urban quality of life. The paper further suggests techniques to identify and rank issues of potential importance for urban dwellers. In order to combine objective and subjective information in a coherent manner and focus on the most relevant dimensions of the quality of life in a city or neighborhood, the paper attempts to exploit the complementary nature of two approaches: the “hedonic” approach, which employs market prices for housing, and the “life satisfaction” approach, which addresses subjective well-being. Results using both approaches in selected Latin American cities are discussed and compared. The paper concludes with a discussion of potential uses of the two-pronged methodology for policy analysis.

Suggested Citation

Lora, Eduardo A. and Powell, Andrew P. and Powell, Andrew P., A New Way of Monitoring the Quality of Urban Life (November 2011). IDB Working Paper No. IDB-WP-272, Available at SSRN: https://ssrn.com/abstract=1972111 or http://dx.doi.org/10.2139/ssrn.1972111

Eduardo A. Lora (Contact Author)

Inter-American Development Bank (IDB) - Research Department ( email )

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Andrew P. Powell

Universidad Torcuato Di Tella - School of Business ( email )

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Argentina
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Inter-American Development Bank (IDB) ( email )

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Harvard University - Center for International Development (CID) ( email )

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