Honors Project - Open Access
The last four decades have seen a return of high-earning households to central cities. The consequences are urban renewal on the one hand and soaring inner-city rents on the other. In this paper I extend a monocentric city model of income sorting and urban rents to examine whether increases in the number of two-earner households can explain recent patterns of gentrification. I then present evidence from Washington DC that, among the young and married, the rich are shortening their commutes while the poor are lengthening theirs. However, among the unmarried, no such trend is discernible. These facts support the model's prediction that two-earner households have reshaped the landscape of urban income group sorting.
Faridani, Stefan F., "Can the Rise of Dual-Earning Households Explain Gentrification of US Central Cities?" (2017). Economics Honors Projects. 66.
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