MAXIMUM SCORE ESTIMATES OF THE DETERMINANTS OF RESIDENTIAL-MOBILITY - IMPLICATIONS FOR THE VALUE OF RESIDENTIAL ATTACHMENT AND NEIGHBORHOOD AMENITIES

This paper uses a semiparametric empirical technique (maximum score) to estimate the determinants of the decision of low-income renters to move out of their dwelling. The maximum score estimates prove to be far more precise than probit estimates. The estimates are used to show that low-income residents highly value remaining in their dwelling. In addition, these estimates are used to illustrate an alternative method to measure willingness to pay for neighborhood amenities, which we argue to be superior to hedonic-based WTP measures. © 1992.