An analysis of average annual pay and cost-of-living in U.S. metropolitan regions: Working paper series--02-28

Gunderson, Ronald J. and Pinto, James V. (2002) An analysis of average annual pay and cost-of-living in U.S. metropolitan regions: Working paper series--02-28. Working Paper. NAU W.A. Franke College of Business.

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Abstract

One of the key factors in the decision to relocate or migrate from one location to another involves whether or not the migrant's economic status is enhanced by the move. The potential for improved economic status plays a significant role in the migration decision. Therefore, it is important to know whether relocation to a new area improves the economic welfare of the migrant. One means to determine the answer is to compare annual pay in each region with the relative cost-of-living there. This paper examines the relationship between "average annual pay" in 2000 for cities in 219 metropolitan areas and the cost of living in these same locations. A regression analysis was performed for cities in the 219 Metropolitan Statistical Areas. Additional regressions were performed after grouping these cities within the four U.S. Census Regions. The results allow us to determine the strength of the relationship between annual pay and cost-of-living variables in these locations, and also if different patterns emerge among the four census regions of the economy. Additional variables were included to determine if city size, climate, or education impact the relationship.

Item Type:	Monograph (Working Paper)
Publisher’s Statement:	Copyright, where appropriate, is held by the author.
ID number or DOI:	02-28
Keywords:	Working paper, cost of living, migration decisions, domestic migrations
Subjects:	H Social Sciences > HC Economic History and Conditions
NAU Depositing Author Academic Status:	Faculty/Staff
Department/Unit:	The W.A. Franke College of Business
Date Deposited:	20 Oct 2015 00:40
URI:	http://openknowledge.nau.edu/id/eprint/1609

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