Objective and subjective determinants of prospective residential mobility

TLDR: In this paper, the authors evaluate the relative importance of subjective and objective indicators in providing an understanding of why households desire to move and find that subjective indicators add considerably to the explanation of mobility inclinations over and above that contributed by objective indicators.

Abstract: The increasing interest in subjective as well as objective measures of well-being raises the issue of the relative importance of these two different types of measures when they are included as independent variables in analytical or predictive models. In the research reported here, survey data are used to evaluate the relative importance of objective and subjective indicators in providing an understanding of why households desire to move. Overall, it is found that subjective indicators add considerably to the explanation of mobility inclinations over and above that contributed by objective indicators. A comparison of explanatory powers for the full sets of objective and subjective predictors within two length of residence subgroups indicates some interesting differences, however. Objective and subjective predictors are close in explanatory power for longer-term residents, while subjective measures are considerably more important for shorter-term residents.