Do Cities and Suburbs Cluster?

Ellen Burchill (), William Goetzmann (), Matthew I. Spiegel () and Susan M. Wachter ()
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Ellen Burchill: General
Matthew I. Spiegel: School of Management

Yale School of Management Working Papers from Yale School of Management

Abstract: This article addresses the issue of how closely the fortunes of suburbs are tied to the fortunes of the central city. We develop housing price indices for most of the zip codes in California and use them in a clustering procedure to determine whether city and suburban housing markets naturally aggregate or move separately. We find that central cities tend to group with their suburbs, suggesting that the housing markets of cities and suburbs are closely linked.

JEL-codes: H79 H77 (search for similar items in EconPapers)
Date: 1999-04-05
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Persistent link: http://EconPapers.repec.org/RePEc:ysm:somwrk:ysm115

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