This paper provides the first application of the compensating differential paradigm to the evaluation of the extent and sources of evolution in state quality-of-life. The compensating differentials approach derives from early work by Rosen (1979) and Roback (1982), who showed how to extract...

This paper applies insights from economic theory to explain recent housing price patterns in California's two largest metropolitan areas. We pay particular attention to the role of migration between metropolitan areas in explaining overall housing price dynamics for a given metropolitan area,...

Recent years have witnessed widespread media attention and policy debate regarding the causes and consequences of population flight from California. While some analysts' reports link the reversal in California migration flows to cyclical swings in the state economy, other commentaries focus on...