Urban revival in America

Victor Couture and Jessie Handbury

Journal of Urban Economics, 2020, vol. 119, issue C

Abstract: This paper documents and explains the striking rise in the college share near city centers since 2000. We show that this urban revival is driven by younger college graduates in larger cities. A residential choice model reveals that the rising tendency of young college graduates to reside near non-tradable services accounts for more of their movement toward city centers than other commonly-cited hypotheses. We document corresponding changes in restaurant and nightlife consumption. We then link these changes in both consumption and urbanization to secular trends of top income growth and delayed family formation amongst young college graduates.

Keywords: Residential choice; Consumption amenities; Job location; Gentrification (search for similar items in EconPapers)
JEL-codes: R23 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (63)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juecon:v:119:y:2020:i:c:s0094119020300383

DOI: 10.1016/j.jue.2020.103267

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