Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19043 
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dc.contributor.authorBrueckner, Jan Keithen
dc.contributor.authorRosenthal, Stuart S.en
dc.date.accessioned2009-01-28T15:54:40Z-
dc.date.available2009-01-28T15:54:40Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/19043-
dc.description.abstractThis paper identifies a new factor, the age of the housing stock, that affects where high- andlow-income neighborhoods are located in U.S. cities. High-income households, driven by ahigh demand for housing services, will tend to locate in areas of the city where the housingstock is relatively young. Because cities develop and redevelop from the center outward overtime, the location of these neighborhoods varies over the city's history. The model predicts asuburban location for the rich in an initial period, when young dwellings are found only in thesuburbs, while predicting eventual gentrification once central redevelopment creates a youngdowntown housing stock. Empirical work indicates that if the influence of spatial variation indwelling ages were eliminated, longstanding central city/suburban disparities in neighborhoodeconomic status would be reduced by up to 50 percent. Model estimates further predict thatbetween 2000 and 2020, central-city/suburban differences in economic status will widensomewhat in smaller cities but narrow sharply in the largest American cities as they becomemore gentrified.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1579en
dc.subject.jelR14en
dc.subject.jelR00en
dc.subject.ddc330en
dc.subject.stwSoziologie des Wohnensen
dc.subject.stwSoziale Schichten
dc.subject.stwTenure choiceen
dc.subject.stwWohnungsversorgungen
dc.subject.stwPrognoseen
dc.subject.stwUSAen
dc.titleGentrification and neighborhood housing cycles : will America's future downtowns be rich?-
dc.typeWorking Paperen
dc.identifier.ppn503713279en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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