Full Citation

Title: Urban Revival in America, 2000 to 2010

Citation Type: Working Paper

Publication Year: 2017

ISBN:

ISSN:

DOI: 10.3386/w24084

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Abstract: This paper documents and explains the striking rise in the proclivity of college-educated individuals to reside near city centers since 2000. We show that this recent urban revival is driven almost entirely by younger college graduates in larger cities. With a residential choice model, we quantify the role of jobs, amenities, and house prices in explaining this trend. We find that the rising taste of young college graduates for non-tradable service amenities like restaurants and nightlife accounts for more than 40 percent of their movement toward city centers. Complementary data shows a corresponding rise in young college graduate expenditures on and trips to non-tradable services. We then link changes in both consumption and urbanization to secular trends of top income growth and delayed family formation amongst young college graduates.

Url: http://www.nber.org/papers/w24084.pdf

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Authors: Couture, Victor; Handbury, Jessie

Series Title: NBER Working Paper Series

Publication Number: 24084

Institution: National Bureau of Economic Research

Pages:

Publisher Location: Cambridge, MA

Data Collections: IPUMS NHGIS

Topics: Land Use/Urban Organization, Other

Countries: United States