المستودع الأكاديمي جامعة المدينة

Gentrification and neighborhood housing cycles : will America's future downtowns be rich?

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dc.creator Brueckner, Jan Keith
dc.creator Rosenthal, Stuart S.
dc.date 2005
dc.date.accessioned 2013-10-16T07:02:31Z
dc.date.available 2013-10-16T07:02:31Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19043
dc.identifier ppn:503713279
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19043
dc.description This paper identifies a new factor, the age of the housing stock, that affects where high- and low-income neighborhoods are located in U.S. cities. High-income households, driven by a high demand for housing services, will tend to locate in areas of the city where the housing stock is relatively young. Because cities develop and redevelop from the center outward over time, the location of these neighborhoods varies over the city?s history. The model predicts a suburban location for the rich in an initial period, when young dwellings are found only in the suburbs, while predicting eventual gentrification once central redevelopment creates a young downtown housing stock. Empirical work indicates that if the influence of spatial variation in dwelling ages were eliminated, longstanding central city/suburban disparities in neighborhood economic status would be reduced by up to 50 percent. Model estimates further predict that between 2000 and 2020, central-city/suburban differences in economic status will widen somewhat in smaller cities but narrow sharply in the largest American cities as they become more gentrified.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1579
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject R14
dc.subject R00
dc.subject ddc:330
dc.subject Soziologie des Wohnens
dc.subject Soziale Schicht
dc.subject Tenure choice
dc.subject Wohnungsversorgung
dc.subject Prognose
dc.subject USA
dc.title Gentrification and neighborhood housing cycles : will America's future downtowns be rich?
dc.type doc-type:workingPaper
dc.coverage 2000-2020


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