Escape from the City? The Role of Race, Income, and Local Public Goods in Post-War Suburbanization
AbstractAffluent towns often deliver high-quality public services to their residents. I estimate the willingness to pay to live in a high-income suburb, above and beyond the demand of wealthy neighbors, by measuring changes in housing prices across city-suburban borders as the income disparity between the two municipalities changes over time. I find that a $10,000 increase in town-level median income is associated with a seven percent increase in housing values at the border. The estimated demand for high-income municipalities is primarily driven by school quality and lower property tax rates.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 13311.
Date of creation: Aug 2007
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Find related papers by JEL classification:
- H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
- H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
- H73 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Interjurisdictional Differentials and Their Effects
- N92 - Economic History - - Regional and Urban History - - - U.S.; Canada: 1913-
- R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-08-27 (All new papers)
- NEP-HIS-2007-08-27 (Business, Economic & Financial History)
- NEP-PBE-2007-08-27 (Public Economics)
- NEP-URE-2007-08-27 (Urban & Real Estate Economics)
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- Leah Platt Boustan, 2010.
"School Desegregation and Urban Change: Evidence from City Boundaries,"
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- Leah Platt Boustan, 2012. "School Desegregation and Urban Change: Evidence from City Boundaries," American Economic Journal: Applied Economics, American Economic Association, vol. 4(1), pages 85-108, January.
- Leah Platt Boustan, 2007.
"Was Postwar Suburbanization "White Flight"? Evidence from the Black Migration,"
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- Leah Platt Boustan, 2010. "Was Postwar Suburbanization "White Flight"? Evidence from the Black Migration," The Quarterly Journal of Economics, MIT Press, vol. 125(1), pages 417-443, February.
- Leah Platt Boustan & Allison Shertzer, 2010. "Demography and Population Loss from Central Cities, 1950-2000," NBER Working Papers 16435, National Bureau of Economic Research, Inc.
- Kahn, Matthew E. & Vaughn, Ryan & Zasloff, Jonathan, 2010. "The housing market effects of discrete land use regulations: Evidence from the California coastal boundary zone," Journal of Housing Economics, Elsevier, vol. 19(4), pages 269-279, December.
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