More than 17 percent of households in American central cities live in poverty; in American suburbs, just 7.4 percent of households live in poverty. The income elasticity of demand for land is too low for urban poverty to be the result of wealthy individuals' wanting to live where land is cheap...

More than 17 percent of households in American central cities live in poverty; in American suburbs, just 7.4 percent of households live in poverty. The income elasticity of demand for land is too low for urban poverty to be the result of wealthy individuals' wanting to live where land is cheap...

Following World War II, many large U.S. cities began to rapidly lose population. This urban decline climaxed during the 1970s when New York City, Boston, Chicago, Minneapolis, and Atlanta each lost more than 10 percent of their population. The sharp declines of these and numerous other U.S....