The Quality of Life in England and Wales

22 Pages Posted: 7 Apr 2004

See all articles by Sylaja Srinivasan

Sylaja Srinivasan

Bank of England - Monetary Analysis

Geoff Stewart

University of Southampton - Division of Economics

Abstract

Local amenities play an important role in determining where we choose to live and our overall quality of life (QOL). In many cases, however, amenities do not have prices and will therefore be underprovided by the market. In this paper, we use individual and county level data for England and Wales to estimate implicit amenity prices and to calculate an index of QOL for each county. Among our findings is a large negative price on air pollution. The range in QOL across counties is estimated to be in excess of 2,000 pounds per year.

Suggested Citation

Srinivasan, Sylaja and Stewart, Geoff, The Quality of Life in England and Wales. Oxford Bulletin of Economics & Statistics, Vol. 66, No. 1, pp. 1-22, February 2004. Available at SSRN: https://ssrn.com/abstract=513804

Sylaja Srinivasan (Contact Author)

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

Geoff Stewart

University of Southampton - Division of Economics ( email )

Southampton, SO17 1BJ
United Kingdom

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