Full Citation

Title: Does Condominium Development Lead to Gentrification?

Citation Type: Working Paper

Publication Year: 2019

ISBN:

ISSN:

DOI: https://doi.org/10.3386/w26170

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Abstract: The condominium structure, which facilitates ownership of units in multi-family buildings, was only introduced to the US during the 1960s. We ask whether the subsequent development of condominiums encouraged high-income households to move to central cities. Although we document a strong positive correlation between condominium density and resident income, this association is entirely driven by endogenous development of condos in areas otherwise attractive to high-income households. When we instrument for condo density using the passage of municipal regulations limiting condo conversions, we find little association between condo development and resident income, education or race.

Url: https://www.nber.org/papers/w26170

User Submitted?: No

Authors: Boustan, Leah, P; Margo, Robert, A; Miller, Matthew, M; Reeves, James, R; Steil, Justin, P

Series Title: NBER Working Paper Series

Publication Number: 26170

Institution: NBER

Pages: 30

Publisher Location:

Data Collections: IPUMS USA

Topics: Education, Housing and Segregation, Poverty and Welfare, Race and Ethnicity

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