We present a modified open monocentric city model that assumes that land is available for conversion into new housing throughout the city. The model predicts that positive local income shocks (i) increase the city’s share of multi-family housing in new construction and (ii) lead to the...

Steve Gibbons describes how a series of influential CEP studies has confirmed the widespread belief that there is a link between house prices and the quality of local schools – and explains the nuances of the findings and their significance for public policy for education, cities and social...