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Title: House Prices and the Labor Force Composition of Cities

Citation Type: Dissertation/Thesis

Publication Year: 2015

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Abstract: This dissertation tests a theoretical framework relating house prices and the population composition of cities. If the income elasticity of demand for a primary residence is less than unity, the ratio of skilled to unskilled worker wages falls as housing cost rises. This changing wage ratio induces substitution in production across all industries causing the skill intensity of the labor force to rise. Secondly, any household type for which share of income spent on housing is smaller than average will tend to live in cities with higher than average housing prices. These are termed the income elasticity of demand and housing preference hypotheses, respectively, regarding the relation between house prices and the population composition of cities. The first two empirical analyses in the dissertation test the income elasticity hypothesis by demonstrating that the skilled wage ratio varies inversely, and the skill intensity ratio directly, with different measures of housing cost. Furthermore, the estimated elasticities of . . .

Url: https://search.proquest.com/docview/1722048380/abstract/26422BB9343D4B00PQ/1?accountid=14586

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Authors: Broxtermann, Daniel A.

Institution: The George Washington University

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Data Collections: IPUMS USA

Topics: Housing and Segregation, Labor Force and Occupational Structure

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