Before I turn to longer-term structural trends, let me highlight that the housing recovery has been strong in recent years, aided by a wide range of countercyclical policies from the [...]
Differences in the supply of housing generate substantial variation in housing prices across the United States. Because housing prices influence migration, the elasticity of housing supply also has an important [...]
Over the past 30 years, the share of adult populations with college degrees increased more in cities with higher initial schooling levels than in initially less educated places. This tendency [...]
This paper builds a dynamic general equilibrium model of cities and uses it to analyze the role of local housing markets and moving costs in determining the character and extent [...]
Despite both empirical and anecdotal evidence suggesting the importance of common systematic factors determining price appreciation in residential real estate markets, the existing literature focuses almost exclusively on the impact [...]
Economic theory predicts that individual migration decisions for working-age adults will depend on area differences in wages, housing costs, and amenities. While the importance of wages and amenities is well-established [...]
In recent years, observers across America’s political spectrum have expressed concern over declining residential mobility and its implications for economic mobility in the United States. There is a widespread belief [...]
We estimate the causal effect of each county in the U.S. on children's incomes in adulthood. We first estimate a fixed effects model that is identified by analyzing families who [...]
Are the well-known facts about urbanization in the United States also true for the developing world? We compare American metropolitan areas with comparable geographic units in Brazil, China and India. [...]
Gentrification has provoked considerable controversy surrounding its effects on residential displacement. Using a unique individual-level, longitudinal data set, this study examines mobility rates and residential destinations of residents in gentrifying [...]