In 1980, Census data indicate, housing prices in large US cities rose with distance from the city center. By 2010, the relationship had reversed. We propose that this development can be traced to high-income households working longer hours. With little non-market time, proximity to work takes on...

In 1980, Census data indicate, housing prices in large US cities rose with distance from the city center. By 2010, that relationship had reversed. We propose that this development can be traced to greater labor supply of high-income households which reduced the tolerance for commuting. In a...