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...

Using a newly constructed data panel on U.S. locality attributes, this paper sketches four sets of empirical facts on economic growth across U.S. counties. A first set of facts focuses on the time series and cross-correlation properties of local economic growth as measured by net migration, per...

Three methodologies have been developed to measure the aggregate price of housing. This article provides an overview of these three methodologies for pricing housing as well as a detailed guide to the major house price indexes based on them.Business Economics (2007) 42, 55–65; doi:10.2145/20070406

U.S. residents, both old and young, have been moving en masse to places with nice weather. Well known is the migration towards places with warm winter weather, which is often attributed to the introduction of air conditioning. But people have also been moving to places with cooler and less-humid...

Population density varies widely among U.S. metro areas. A simple, static general equilibrium model demonstrates that moderate differences in metro areas' consumption amenities can cause extremely large differences in their population density. Such amenities are more strongly capitalized into...