| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17914 |
| 来源ID | Working Paper 17914 |
| Housing Booms and City Centers | |
| Edward L. Glaeser; Joshua D. Gottlieb; Kristina Tobio | |
| 发表日期 | 2012-03-15 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Popular discussions often treat the great housing boom of the 1996-2006 period as if it were a national phenomenon with similar impacts across locales, but across metropolitan areas, price growth was dramatically higher in warmer, less educated cities with less initial density and higher initial housing values. Within metropolitan areas, price growth was faster in neighborhoods closer to the city center. The centralization of price growth during the boom was particularly dramatic in those metropolitan areas where income is higher away from the city center. We consider four different explanations for why city centers grew more quickly when wealth was more suburbanized: (1) gentrification, which brings rapid price growth, is more common in areas with centralized poverty; (2) areas with centralized poverty had more employment concentration which led to faster centralized price growth; (3) areas with centralized poverty had the weakest supply response to the boom in prices in the city center; and (4) poverty is centralized in cities with assets, like public transit, at the city center that became more valuable over the boom. We find some support for several of these hypotheses, but taken together they explain less than half of the overall connection between centralized poverty and centralized price growth. |
| 主题 | Microeconomics ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w17914 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575590 |
| 推荐引用方式 GB/T 7714 | Edward L. Glaeser,Joshua D. Gottlieb,Kristina Tobio. Housing Booms and City Centers. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17914.pdf（379KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
