@techreport{Brueckner2005Gentrification,
abstract = {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.},
author = {Jan Keith Brueckner and Stuart S. Rosenthal},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {R14; R00; 330; Soziologie des Wohnens; Soziale Schicht; Tenure choice; Wohnungsversorgung; Prognose; USA},
language = {eng},
number = {1579},
title = {Gentrification and neighborhood housing cycles : will America's future downtowns be rich?},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/19043},
year = {2005}
}
