This paper reviews recent literature that considers and explains the tendency for neighborhood and city-level economic status to rise and fall. A central message is that although many locations exhibit extreme persistence in economic status, change in economic status as measured by various...

This paper examines the hypothesis that the strong reduction in the effect of school quality on housing prices from the inclusion of boundary fixed affects can be attributed to uncertainty associated with school assignment near attendance zone boundaries, rather than unobserved neighborhood...

Opponents of school vouchers often argue that school vouchers will lead to .white flight. from public schools that are disproportionately non-white, creating more racially segregated schools. In this paper, we present new evidence on whether universal vouchers will lead to a systematic departure...

Relative to whites, blacks that reside in highly segregated metropolitan areas have worse educational and labor market outcomes than those that reside in less segregated areas. Using data from the 1990 U.S. Census combined with measures of metropolitan educational environment created from the...

Cities and their surrounding suburbs provide the homes, workplaces, and social and educational environments for most individuals and families in developed nations, but these urban areas are typically characterized by substantial stratification across racial, ethnic, and economic groups and...

Increasing levels of segregation in American schools raises the question: do home buyers pay for test scores or demographic composition? This paper uses Connecticut panel data spanning eleven years from 1994 to 2004 to ascertain the relationship between property values and explanatory variables...

Researchers have long recognized that the non-random sorting of individuals into groups generates correlation between individual and group attributes that is likely to bias naive estimates of both individual and group effects. This paper proposes a non-parametric strategy for identifying these...

This paper examines mortgage outcomes for a large, representative sample of individual home purchases and refinances linked to credit scores in seven major US markets in the recent housing boom and bust. Among those with similar credit scores and loan attributes, black and Hispanic homeowners...