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Gentrification and pioneer businesses

Author

Listed:
  • Behrens, Kristian
  • Boualam, Brahim
  • Martin, Julien
  • Mayneris, Florian

Abstract

We study gentrification at a micro-geographic scale using information on residents and businesses in New York from 1990 to 2010. We exploit atypical location decisions of businesses to identify the sectors that usually locate in wealthy neighborhoods but are overrepresented in poor soon-to-gentrify areas. These pioneer sectors - mostly cultural, recreational, and creative industries - help us to better predict gentrification at its early stage: including the presence of pioneers improves the accuracy of the prediction of future gentrifying spots by up to 200 meters. We show that pioneers foster gentrification through the types of workers they hire, their signal as to the future prospects of a neighborhood, and their effect on the subsequent arrival of consumption amenities.

Suggested Citation

  • Behrens, Kristian & Boualam, Brahim & Martin, Julien & Mayneris, Florian, 2018. "Gentrification and pioneer businesses," CEPR Discussion Papers 13296, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:13296
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Gentrification; microgeographic data; New York; pioneer businesses;

    JEL classification:

    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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