时间价值的上升与城市中产阶级化的起源

IF 5.6 1区经济学 Q1 ECONOMICS

American Economic Journal-Economic Policy Pub Date : 2022-02-04 DOI:10.1257/pol.20190550

Yichen Su

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引用次数: 0

摘要

近几十年来，中产阶级化已经改变了美国中心城市的社区。我估计了一个空间均衡模型，表明高技能工人时间价值的上升有助于美国中心城市的中产阶级化。我表明，时间价值的增加提高了通勤成本，外生地增加了高技能工人对中心位置的需求。虽然时间价值的变化对中心城市的中产阶级化有适度的直接影响，但这种影响被当地技能组合变化驱动的内生舒适环境变化大大放大。(j22, j24, r21, r23)

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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 change driven by the changes in local skill mix. (JEL J22, J24, R21, R23)

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来源期刊

American Economic Journal-Economic Policy ECONOMICS-

CiteScore

8.20

自引率

1.90%

发文量

期刊介绍： The American Economic Review (AER) is a general-interest economics journal. The journal publishes 12 issues containing articles on a broad range of topics. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in economics. American Economic Journal: Economic Policy publishes papers covering a range of topics, the common theme being the role of economic policy in economic outcomes. Subject areas include public economics; urban and regional economics; public policy aspects of health, education, welfare and political institutions; law and economics; economic regulation; and environmental and natural resource economics.