Brueckner, Jan K.; Rosenthal, Stuart S. - In: The Review of Economics and Statistics 91 (2009) 4, pp. 725-743
This paper identifies a new factor, the age of the housing stock, that affects where high- and low-income neighborhoods are located in U.S. cities. High-income households, driven by a high demand for housing services, tend to locate in areas of the city where the housing stock is relatively...