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dc.contributor.authorBrueckner, Jan Keithen_US
dc.contributor.authorRosenthal, Stuart S.en_US
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_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo Working Paper |x1579en_US
dc.subject.stwSoziologie des Wohnensen_US
dc.subject.stwSoziale Schichten_US
dc.subject.stwTenure choiceen_US
dc.titleGentrification and neighborhood housing cycles : will America's future downtowns be rich?en_US
dc.typeWorking Paperen_US

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