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Title: How Income, Education & Demographics Affect Residential Choice Behavior: An analysis of the New York City metropolitan area

Citation Type: Miscellaneous

Publication Year: 2012

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Abstract: The determinants of residential choice behavior matters greatly to policy makers and developers concerned with the efficient placement of infrastructure, as well as other public and private projects. Economists have also shown interest in understanding the location decisions of households to gain further knowledge of why metropolitan areas have economically and socially distinguishable neighborhoods and how those neighborhoods have changed over time. This paper empirically examines economists theories and subsequent implications for residential choice behavior as they relate to the characteristics of the household. A conditional logit model focusing on heterogeneous households preferences for particular neighborhood attributes is applied. Distance of the neighborhood from the central business district is found to significantly decrease the utility associated with that option; the actual magnitude of the given effect is greatly influenced by the households education and family structure. Income of the household is found to have a relatively minor or insignificant role in the model.

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Authors: LaSalvia, Thomas P.

Publisher: Binghamton Universtiy

Data Collections: IPUMS USA

Topics: Housing and Segregation, Migration and Immigration

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