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by hyperpape 4607 days ago
It's also a common assumption in economics that as your income increases, the amount that you value your time (in monetary terms) will also increase (thus in a lot of urban areas, living close to your work is very expensive, and outer areas are cheaper). It would be nice to see get empirical confirmation by seeing how the "cost" of the commute is different for people with higher incomes, but it's not like this is a strange claim.