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http://hdl.handle.net/10419/19043
  

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dc.contributor.authorBrueckner, Jan Keithen_US
dc.contributor.authorRosenthal, Stuart S.en_US
dc.coverage.temporal2000-2020en_US
dc.date.accessioned2009-01-28T15:54:40Z-
dc.date.available2009-01-28T15:54:40Z-
dc.date.issued2005en_US
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- 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1579en_US
dc.subject.jelR14en_US
dc.subject.jelR00en_US
dc.subject.ddc330en_US
dc.subject.stwSoziologie des Wohnensen_US
dc.subject.stwSoziale Schichten_US
dc.subject.stwTenure choiceen_US
dc.subject.stwWohnungsversorgungen_US
dc.subject.stwPrognoseen_US
dc.subject.stwUSAen_US
dc.titleGentrification and neighborhood housing cycles : will America's future downtowns be rich?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn503713279en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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