The long-term employment impacts of gentrification in the 1990s
In the ongoing debate over the social benefi ts and costs of gentrification, one of the key questions left largely unaddressed by the empirical literature is the degree to which gentrification impacts local labor markets. This paper begins by exploring the nature of employment change in one archetypical gentrifying neighborhood—Chicago’s Wicker Park—to motivate the central hypothesis that gentrification is associated with industrial restructuring. Next, a detailed analysis is presented on the long-term employment changes in neighborhoods that have experienced gentrification during the 1990s across a sample of 20 large central cities. Specifically, this paper uses Freeman’s (2005) definition to define tracts that experienced gentrification and compares employment outcomes in such tracts and those within a ¼ mile buffer to comparable nongentrified tracts. This analysis shows that employment grew slightly faster in gentrifying neighborhoods than other portions of the central city. However, jobs in restaurants and retail services tended to replace those lost in goods-producing industries. This process of industrial restructuring occurred at a faster rate in gentrifying areas. Thus gentrification can be considered a contributory and catalytic factor in accelerating the shift away from manufacturing with urban labor markets.
|Date of creation:||2013|
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- David Neumark & Junfu Zhang & Brandon Wall, 2005.
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PPIC Working Papers
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- David Neumark & Junfu Zhang & Brandon Wall, 2005. "Employment Dynamics and Business Relocation: New Evidence from the National Establishment Time Series," NBER Working Papers 11647, National Bureau of Economic Research, Inc.
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- Terra McKinnish & Randall Walsh & T. Kirk White, 2008. "Who Gentrifies Low Income Neighborhoods?," Working Papers 08-02, Center for Economic Studies, U.S. Census Bureau.
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- Guerrieri, Veronica & Hartley, Daniel & Hurst, Erik, 2013. "Endogenous gentrification and housing price dynamics," Journal of Public Economics, Elsevier, vol. 100(C), pages 45-60.
- Veronica Guerrieri & Daniel Hartley & Erik Hurst, 2010. "Endogenous gentrification and housing price dynamics," Working Paper 1008, Federal Reserve Bank of Cleveland.
- Veronica Guerrieri & Daniel Hartley & Erik Hurst, 2010. "Endogenous Gentrification and Housing Price Dynamics," NBER Working Papers 16237, National Bureau of Economic Research, Inc.
- Erik Hurst & Daniel Hartley & Veronica Guerrieri, 2011. "Endogenous Gentrification and Housing Price Dynamics," 2011 Meeting Papers 1418, Society for Economic Dynamics.
- Winifred Curran, 2004. "Gentrification and the nature of work: exploring the links in Williamsburg, Brooklyn," Environment and Planning A, Pion Ltd, London, vol. 36(7), pages 1243-1258, July. Full references (including those not matched with items on IDEAS)
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