Ezra Klein: The Commuting Paradox

[marmar]

from The American Prospect:



THE COMMUTING PARADOX.

This isn't so much a paradox so much as an incorrect expectation, but still:

This is what economists call "the commuting paradox." Most people travel long distances with the idea that they'll accept the burden for something better, be it a house, salary, or school. They presume the trade-off is worth the agony. But studies show that commuters are on average much less satisfied with their lives than noncommuters. A commuter who travels one hour, one way, would have to make 40% more than his current salary to be as fully satisfied with his life as a noncommuter, say economists Bruno S. Frey and Alois Stutzer of the University of Zurich's Institute for Empirical Research in Economics. People usually overestimate the value of the things they'll obtain by commuting -- more money, more material goods, more prestige -- and underestimate the benefit of what they are losing: social connections, hobbies, and health. "Commuting is a stress that doesn't pay off," says Stutzer.

Longtime readers know my obsession with the way we overvalue positional goods like money, prestige, and real estate and undervalue non-positional goods like social connections, walking to work, and health. But the evidence really is clear that you need to make a whole dump truck of money to outweigh the happiness offered by being only a 15 minute stroll from the office, and that that extra room for your old guitars isn't going to make you nearly as ecstatic as you think it will.

Posted by Ezra Klein on February 20, 2008 11:31 AM

http://www.prospect.org/csnc/blogs/ezraklein_archive?month=02&year=2008&base_name=the_commuting_paradox