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作者

Leah Boustan;Robert A. Margo;Matthew M. Miller;James Reeves;Justin Steil

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.133,P.

语言

英文

关键字

Condominium;Gentrification;Municipal regulations;City/suburb borders;K11;N92;R22;R31;R38

作者单位

Princeton & NBER;BU & NBER;Audible;U Michigan;MIT;Princeton & NBER;BU & NBER;Audible;U Michigan;MIT

摘要

Many politicians and voters believe that condominium development hastens gentrification. Indeed, there is a strong positive correlation between the presence of condos in a neighborhood and resident socioeconomic status.  We leverage the introduction of municipal regulations to study the causal effect of condo conversions on neighborhood attributes. Cities that restricted condo conversions experience a persistent decline in the condo share of the housing stock, relative to their neighboring suburbs and compared to metropolitan areas without such restrictions, even at city/suburb borders. Yet, areas with a higher condo share due to local regulations do not have residents with higher income or education levels.