Income Growth and the Distributional Effects of Urban Spatial Sorting
Income Growth and the Distributional Effects of Urban Spatial Sorting
复制标题
收入增长与城市空间排序的分配效应
DOI:
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发表时间:
2019
期刊:
影响因子:
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通讯作者:
Erik Hurst
中科院分区:
文献类型:
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作者:
Victor Couture;C. Gaubert;Jessie Handbury;Erik Hurst
We explore the impact of rising incomes at the top of the distribution on spatial sorting patterns within large U.S. cities. We develop and quantify a spatial model of a city with heterogeneous agents and non-homothetic preferences for neighborhoods with endogenous amenity quality. As the rich get richer, demand increases for the high-quality amenities available in downtown neighborhoods. Rising demand drives up house prices and spurs the development of higher quality neighborhoods downtown. This gentrification of downtowns makes poor incumbents worse off, as they are either displaced to the suburbs or pay higher rents for amenities that they do not value as much. We quantify the corresponding impact on well-being inequality. Through the lens of the quantified model, the change in the income distribution between 1990 and 2014 led to neighborhood change and spatial resorting within urban areas that increased the welfare of richer households relative to that of poorer households, above and beyond rising nominal income inequality.
影响因子:
5.8
作者:
Fajgelbaum, Pablo D.;Morales, Eduardo;Zidar, Owen
通讯作者:
Zidar, Owen
影响因子:
9.8
作者:
Baum-Snow,Nathaniel;Marion,Justin
通讯作者:
Marion,Justin
影响因子:
6.3
作者:
McKinnish,Terra;Walsh,Randall;White,TKirk
通讯作者:
White,TKirk