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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...
Persistent link: https://www.econbiz.de/10012480116
Residential segregation by jurisdiction generates disparities in public services and education. The distinctive American pattern - in which blacks live in cities and whites in suburbs - was enhanced by a large black migration from the rural South. I show that whites responded to this black...
Persistent link: https://www.econbiz.de/10012465103
This handbook chapter seeks to document the economic forces that led the US to become an urban nation over its two hundred year history. We show that the urban wage premium in the US was remarkably stable over the past two centuries, ranging between 15 and 40 percent, while the rent premium was...
Persistent link: https://www.econbiz.de/10012459621
,000 increase in town-level median income is associated with a seven percent increase in housing values at the border. The estimated …
Persistent link: https://www.econbiz.de/10012465339