TY  - RPRT
        AU  - Edlund, Lena
AU  - Machado, Cecilia
AU  - Sviatschi, Maria Micaela
        TI  - Bright Minds, Big Rent: Gentrification and the Rising Returns to Skill
        PY  - 2015/Nov/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 9502
        UR  - https://www.iza.org/index.php/publications/dp9502
        AB  - 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.
        KW  - gentrification
KW  - returns to skill
KW  - time use
KW  - location choice
        ER  -