A New Way of Monitoring the Quality of Urban Life

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.

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Bibliographic Details
Main Author: Inter-American Development Bank
Other Authors: Eduardo Lora
Format: Working Papers biblioteca
Language:English
Published: Inter-American Development Bank
Subjects:Urban Development, Housing, Income, Consumption and Saving, Social Development, D19 - Household Behavior and Family Economics: Other, H41 - Public Goods, H42 - Publicly Provided Private Goods, I31 - General Welfare Well-Being, IDB-WP-272, quality of life, Urban quality of life, Latin America, Well-being, city and town life, quality of life index, human development index, social develompment index, ordinary least squares, life satisfaction,
Online Access:http://dx.doi.org/10.18235/0011346
https://publications.iadb.org/en/new-way-monitoring-quality-urban-life
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