Rail access and subjective well-being: Evidence from quality of life surveys

Econometric models are used to evaluate intra-city new rail transit infrastructure. * Improved rail access is significantly valued by real estate market participants. * Welfare benefits are not distributed evenly over social groups and space. The development of rail transit infrastructure is a key policy focus--particularly in countries like China, which have experienced fast urbanisation over the past decade. This paper uses unique data and innovative methods to explore the perceived satisfaction impacts of transport improvements at a very detailed geographical scale. The results quantify new... Mehr ...