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This paper shows the endogeneity of amenities plays a crucial role in determining the welfare distribution of a city's residents. We quantify this mechanism by building a dynamic model of residential choice with heterogeneous households, where consumption amenities are the equilibrium outcome of...
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Housing is a core element of people’s material living standards. It is essential to meet basic needs, such as for shelter from weather conditions, and to offer a sense of personal security, privacy and personal space. Good housing conditions are also essential for people’s health and affect...
Persistent link: https://www.econbiz.de/10010230670
the association between gentrification and displacement in English cities. Gentrification is the phenomena of a large and … assessments, as may be the case in the US. So whilst the rising housing costs associated with gentrification do induce homeowners …
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This paper investigates the effect of different levels of neighbourhood housing tenure mix on transitions from unemployment to employment and the probability of staying in employment for those with a job. We used individual level data from the Scottish Longitudinal Study (SLS), a 5.3% sample of...
Persistent link: https://www.econbiz.de/10003830271
Research, the NYU Furman Center and the Federal Reserve Bank of Minneapolis, hosted the Research Symposium on Gentrification …
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How does gentrification transform neighborhoods? Gentrification can harm current residents by increasing rental costs … principle - reduce overall social surplus. Using Census and Yelp data from five cities, we document that while gentrification is … to be slower in poor communities that do not gentrify. Consequently, the business closures that come with gentrification …
Persistent link: https://www.econbiz.de/10012482490