L. Edlund, Cecilia Machado, María Micaela Sviatschi
{"title":"聪明的头脑，高昂的租金:中产阶级化和不断上升的技能回报","authors":"L. Edlund, Cecilia Machado, María Micaela Sviatschi","doi":"10.2139/ssrn.2823672","DOIUrl":null,"url":null,"abstract":"In 1980, housing prices in the main US cities rose with distance to the city center. By 2010, that relationship had reversed. We propose that this development can be traced to greater labor supply of high-income households through reduced tolerance for commuting. In a tract-level data set covering the 27 largest US cities, years 1980-2010, we employ a city-level Bartik demand shifter for skilled labor and find support for our hypothesis: full-time skilled workers favor proximity to the city center and their increased presence can account for the observed price changes, notably the rising price premium commanded by centrality.","PeriodicalId":92154,"journal":{"name":"U.S. Census Bureau Center for Economic Studies research paper series","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2015-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"75","resultStr":"{\"title\":\"Bright Minds, Big Rent: Gentrification and the Rising Returns to Skill\",\"authors\":\"L. Edlund, Cecilia Machado, María Micaela Sviatschi\",\"doi\":\"10.2139/ssrn.2823672\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In 1980, housing prices in the main US cities rose with distance to the city center. By 2010, that relationship had reversed. We propose that this development can be traced to greater labor supply of high-income households through reduced tolerance for commuting. In a tract-level data set covering the 27 largest US cities, years 1980-2010, we employ a city-level Bartik demand shifter for skilled labor and find support for our hypothesis: full-time skilled workers favor proximity to the city center and their increased presence can account for the observed price changes, notably the rising price premium commanded by centrality.\",\"PeriodicalId\":92154,\"journal\":{\"name\":\"U.S. Census Bureau Center for Economic Studies research paper series\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2015-11-29\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"75\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"U.S. Census Bureau Center for Economic Studies research paper series\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.2823672\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"U.S. Census Bureau Center for Economic Studies research paper series","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2823672","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Bright Minds, Big Rent: Gentrification and the Rising Returns to Skill
In 1980, housing prices in the main US cities rose with distance to the city center. By 2010, that relationship had reversed. We propose that this development can be traced to greater labor supply of high-income households through reduced tolerance for commuting. In a tract-level data set covering the 27 largest US cities, years 1980-2010, we employ a city-level Bartik demand shifter for skilled labor and find support for our hypothesis: full-time skilled workers favor proximity to the city center and their increased presence can account for the observed price changes, notably the rising price premium commanded by centrality.
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