EconPapers    
Economics at your fingertips  
 

Natural Amenities, Neighborhood Dynamics, and Persistence in the Spatial Distribution of Income

Sanghoon Lee and Jeffrey Lin

No 17-3, Working Papers from Federal Reserve Bank of Philadelphia

Abstract: We present theory and evidence highlighting the role of natural amenities in neighborhood dynamics, suburbanization, and variation across cities in the persistence of the spatial distribution of income. Our model generates three predictions that we confirm using a novel database of consistent-boundary neighborhoods in U.S. metropolitan areas, 1880{2010, and spatial data for natural features such as coastlines and hills. First, persistent natural amenities anchor neighborhoods to high incomes over time. Second, naturally heterogeneous cities exhibit persistent spatial distributions of income. Third, downtown neighborhoods in coastal cities were less susceptible to the widespread decentralization of income in the mid-20th century and experienced an increase in income more quickly after 1980.

Keywords: suburbanization; gentri cation; locational fundamentals; multiple equilibria (search for similar items in EconPapers)
JEL-codes: N90 O18 R23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo and nep-ure
Date: 2017-01-30
References: Add references at CitEc
Citations: View citations in EconPapers (17) Track citations by RSS feed

Downloads: (external link)
https://www.philadelphiafed.org/-/media/research-a ... 17/wp17-03.pdf?la=en Full text (application/pdf)

Related works:
Journal Article: Natural Amenities, Neighbourhood Dynamics, and Persistence in the Spatial Distribution of Income (2018) Downloads
Working Paper: Natural amenities, neighborhood dynamics, and persistence in the spatial distribution of income (2015) Downloads
Working Paper: Natural amenities, neighborhood dynamics, and persistence in the spatial distribution of income (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedpwp:17-3

Ordering information: This working paper can be ordered from
http://www.phil.frb.org/econ/wps/index.html

Access Statistics for this paper

More papers in Working Papers from Federal Reserve Bank of Philadelphia Contact information at EDIRC.
Bibliographic data for series maintained by Beth Paul ().

 
Page updated 2019-04-12
Handle: RePEc:fip:fedpwp:17-3