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Title: Gentrification and Rising Returns to Skill
Citation Type: Miscellaneous
Publication Year: 2017
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Abstract: In 1980, housing prices in large US cities rose with distance from the city center. By 2010, that relationship had reversed. We propose that the inversion can be traced to more hours worked by the skilled. Scarce non-market time downgrades the importance of residential space and upgrades that of proximity to work, factors favoring the central-city location. Geocoded census micro data covering the 27 largest US cities and the period 1980-2010 support our hypothesis: full-time skilled workers are more likely to locate in the city center and their growth can account for the observed price changes.
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Authors: Edlund, Lena; Machado, Cecilia; Sviatschi, Maria
Publisher: Columbia University
Data Collections: IPUMS USA
Topics: Housing and Segregation, Labor Force and Occupational Structure, Migration and Immigration
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