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Gentrification Trends in New Transit-Oriented Communities: Evidence from 14 Cities That Expanded and Built Rail Transit Systems

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  • Matthew E. Kahn

Abstract

Over 25 billion dollars were spent between 1970 and 2000 in 14 major cities in the United States on the construction of new rail transit lines. This massive investment in rail transit construction and expansion allows me to study the consequences of local public goods improvements for communities nearby new stations. This article uses a 14-city census tract-level panel data set covering the years 1970 to 2000 to document significant heterogeneity in the effects of rail transit expansions across the 14 cities. Communities receiving increased access to new "Walk and Ride" stations experience greater gentrification than communities that are now close to new "Park and Ride" stations. Copyright 2007 American Real Estate and Urban Economics Association

Suggested Citation

  • Matthew E. Kahn, 2007. "Gentrification Trends in New Transit-Oriented Communities: Evidence from 14 Cities That Expanded and Built Rail Transit Systems," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 35(2), pages 155-182, June.
  • Handle: RePEc:bla:reesec:v:35:y:2007:i:2:p:155-182
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Public Transit is Improving in Los Angeles
      by Matthew Kahn in Environmental and Urban Economics on 2016-04-03 08:46:00
    2. Caltrain as Another Case of Spending "Other People's Money"
      by Matthew Kahn in Environmental and Urban Economics on 2017-03-13 18:24:00
    3. Does the Fundamental Law of Traffic Congestion Hold in the Developing World?
      by Matthew Kahn in Environmental and Urban Economics on 2017-07-07 18:28:00

    Citations

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    Cited by:

    1. Jenny Schuetz, 2015. "Do rail transit stations encourage neighbourhood retail activity?," Urban Studies, Urban Studies Journal Limited, vol. 52(14), pages 2699-2723, November.
    2. repec:eee:trapol:v:63:y:2018:i:c:p:1-9 is not listed on IDEAS
    3. Arthur Grimes & Chris Young, 2010. "Anticipatory Effects of Rail Upgrades: Auckland’s Western Line," Working Papers 10_11, Motu Economic and Public Policy Research.
    4. Edlund, Lena & Machado, Cecilia & Sviatschi, Maria, 2015. "Bright Minds, Big Rent: Gentrification and the Rising Returns to Skill," IZA Discussion Papers 9502, Institute for the Study of Labor (IZA).
    5. Åslund, Olof & Blind, Ina & Dahlberg, Matz, 2017. "All aboard? Commuter train access and labor market outcomes," Regional Science and Urban Economics, Elsevier, vol. 67(C), pages 90-107.
    6. Taisuke Sadayuki, 2017. "Measuring the spatial effect of multiple sites," RIEEM Discussion Paper Series 1703, Research Institute for Environmental Economics and Management, Waseda University.
    7. Kahn, Matthew E. & Walsh, Randall, 2015. "Cities and the Environment," Handbook of Regional and Urban Economics, Elsevier.
    8. Ekaterina Chernobai & Michael Reibel & Michael Carney, 2011. "Nonlinear Spatial and Temporal Effects of Highway Construction on House Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 42(3), pages 348-370, April.
    9. Vickerman, Roger, 2008. "Transit investment and economic development," Research in Transportation Economics, Elsevier, vol. 23(1), pages 107-115, January.
    10. Yihsu Chen & Alexander Whalley, 2012. "Green Infrastructure: The Effects of Urban Rail Transit on Air Quality," American Economic Journal: Economic Policy, American Economic Association, vol. 4(1), pages 58-97, February.
    11. Billings, Stephen B., 2011. "Estimating the value of a new transit option," Regional Science and Urban Economics, Elsevier, vol. 41(6), pages 525-536.
    12. Guthrie, Andrew & Fan, Yingling, 2016. "Developers' perspectives on transit-oriented development," Transport Policy, Elsevier, vol. 51(C), pages 103-114.
    13. Schuetz, Jenny & Giuliano, Genevieve & Shin, Eun Jin, 2016. "Is Los Angeles Becoming Transit Oriented?," Finance and Economics Discussion Series 2016-4, Board of Governors of the Federal Reserve System (U.S.).
    14. Wenjie Wu, 2012. "Does Public Investment Spur the Land Market?: Evidence from Transport Improvement in Beijing," SERC Discussion Papers 0116, Spatial Economics Research Centre, LSE.
    15. Brunner, Eric J. & Cho, Sung-Woo & Reback, Randall, 2012. "Mobility, housing markets, and schools: Estimating the effects of inter-district choice programs," Journal of Public Economics, Elsevier, vol. 96(7), pages 604-614.
    16. Wang, Yiming & Feng, Suwei & Deng, Zhongwei & Cheng, Shuangyu, 2016. "Transit premium and rent segmentation: A spatial quantile hedonic analysis of Shanghai Metro," Transport Policy, Elsevier, vol. 51(C), pages 61-69.
    17. Jyothi Chava & Peter Newman, 2016. "Stakeholder Deliberation on Developing Affordable Housing Strategies: Towards Inclusive and Sustainable Transit-Oriented Developments," Sustainability, MDPI, Open Access Journal, vol. 8(10), pages 1-21, October.
    18. repec:eee:ecoedu:v:63:y:2018:i:c:p:116-133 is not listed on IDEAS
    19. Julia Freybote & Hua Sun & Xi Yang, 2015. "The Impact of LEED Neighborhood Certification on Condo Prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(3), pages 586-608, September.
    20. Seungwoo Chin & Matthew E. Kahn & Hyungsik Roger Moon, 2017. "Estimating the Gains from New Rail Transit Investment: A Machine Learning Tree Approach," NBER Working Papers 23326, National Bureau of Economic Research, Inc.
    21. Zhong, Haotian & Li, Wei, 2016. "Rail transit investment and property values: An old tale retold," Transport Policy, Elsevier, vol. 51(C), pages 33-48.
    22. Duncan, Michael & Christensen, Robert K., 2013. "An analysis of park-and-ride provision at light rail stations across the US," Transport Policy, Elsevier, vol. 25(C), pages 148-157.
    23. Wenjie Wu & Guanpeng Dong & Bing Wang, 2015. "Does Planning Matter? Effects on Land Markets," The Journal of Real Estate Finance and Economics, Springer, vol. 50(2), pages 242-269, February.

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