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The Rising Value of Time and the Origin of Urban Gentrification
In recent decades, gentrification has transformed American central city neighborhoods. I estimate a spatial equilibrium model to show that the rising value of high-skilled workers? time contributes to the gentrification of American central cities. I show that the increasing value of time raises the cost of commuting and exogenously increases the demand for central locations by high-skilled workers. While change in the value of time has a modest direct effect on gentrification of central cities, the effect is substantially magnified by endogenous amenity improvement driven by the changes in ...
Working from Home During a Pandemic: It’s Not for Everyone
Because working remotely can offset the negative effects of shelter-in-place and social distancing policies on employment and earnings, knowing how many workers can do so is crucial to understanding the impact of such measures on our workforce.
Gentrification Transforming Neighborhoods in Big Texas Cities
As an influx of new, affluent residents has descended on gentrifying neighborhoods around the centers of Texas’ four largest cities, neighborhood amenities have improved. Meanwhile, increasing housing costs have led some low-income households and at-risk populations to locate in more suburban areas.