Does Condominium Development Lead to Gentrification?

Working Paper No. 26170 The condominium structure, which facilitates ownership of units in multi-family buildings, was only introduced to the US during the 1960s. We ask whether the subsequent development of condominiums encouraged high-income households to move to central cities. Although we docume...

Full description

Saved in:
Bibliographic Details
Published in:NBER Working Paper Series 2019-08, p.26170
Format: Article
Language:English
Subjects:
Condominiums
Economic theory
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by
cites
container_end_page
container_issue
container_start_page 26170
container_title NBER Working Paper Series
container_volume
description Working Paper No. 26170 The condominium structure, which facilitates ownership of units in multi-family buildings, was only introduced to the US during the 1960s. We ask whether the subsequent development of condominiums encouraged high-income households to move to central cities. Although we document a strong positive correlation between condominium density and resident income, this association is entirely driven by endogenous development of condos in areas otherwise attractive to high-income households. When we instrument for condo density using the passage of municipal regulations limiting condo conversions, we find little association between condo development and resident income, education or race.
doi_str_mv 10.3386/w26170
format article
fullrecord <record><control><sourceid>proquest</sourceid><recordid>TN_cdi_proquest_journals_2275281474</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2275281474</sourcerecordid><originalsourceid>FETCH-LOGICAL-e724-fa88d6ffd0e4242b8b16371d026940268c7079c371f118e266926e1f09979c633</originalsourceid><addsrcrecordid>eNotjcFKAzEURbNQsFb9hoDr0eQlJi8rkalWYcBN92U6eYGUTlInM_r7BnRzD_cs7mXsTooHpdA8_oCRVlywlUCHDThlr9h1KUchAFHIFdObTIW3Ofk8xhSXkW_om075PFKaeUe953Pm21qmGOLQzzGn5xt2GfpTodt_rtnu7XXXvjfd5_ajfekasqCb0CN6E4IXpEHDAQ_SKCu9AON0DRyssG6oKkiJBMY4MCSDcK5qo9Sa3f_Nnqf8tVCZ98e8TKk-7gHsE6DUVqtflLVBOQ</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2275281474</pqid></control><display><type>article</type><title>Does Condominium Development Lead to Gentrification?</title><source>ABI/INFORM Global (ProQuest)</source><source>Alma/SFX Local Collection</source><description>Working Paper No. 26170 The condominium structure, which facilitates ownership of units in multi-family buildings, was only introduced to the US during the 1960s. We ask whether the subsequent development of condominiums encouraged high-income households to move to central cities. Although we document a strong positive correlation between condominium density and resident income, this association is entirely driven by endogenous development of condos in areas otherwise attractive to high-income households. When we instrument for condo density using the passage of municipal regulations limiting condo conversions, we find little association between condo development and resident income, education or race.</description><identifier>ISSN: 0898-2937</identifier><identifier>DOI: 10.3386/w26170</identifier><language>eng</language><publisher>Cambridge: National Bureau of Economic Research, Inc</publisher><subject>Condominiums ; Economic theory</subject><ispartof>NBER Working Paper Series, 2019-08, p.26170</ispartof><rights>Copyright National Bureau of Economic Research, Inc. Aug 2019</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://www.proquest.com/docview/2275281474?pq-origsite=primo$$EHTML$$P50$$Gproquest$$H</linktohtml><link.rule.ids>777,781,11669,27906,36041,44344</link.rule.ids></links><search><title>Does Condominium Development Lead to Gentrification?</title><title>NBER Working Paper Series</title><description>Working Paper No. 26170 The condominium structure, which facilitates ownership of units in multi-family buildings, was only introduced to the US during the 1960s. We ask whether the subsequent development of condominiums encouraged high-income households to move to central cities. Although we document a strong positive correlation between condominium density and resident income, this association is entirely driven by endogenous development of condos in areas otherwise attractive to high-income households. When we instrument for condo density using the passage of municipal regulations limiting condo conversions, we find little association between condo development and resident income, education or race.</description><subject>Condominiums</subject><subject>Economic theory</subject><issn>0898-2937</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><sourceid>M0C</sourceid><recordid>eNotjcFKAzEURbNQsFb9hoDr0eQlJi8rkalWYcBN92U6eYGUTlInM_r7BnRzD_cs7mXsTooHpdA8_oCRVlywlUCHDThlr9h1KUchAFHIFdObTIW3Ofk8xhSXkW_om075PFKaeUe953Pm21qmGOLQzzGn5xt2GfpTodt_rtnu7XXXvjfd5_ajfekasqCb0CN6E4IXpEHDAQ_SKCu9AON0DRyssG6oKkiJBMY4MCSDcK5qo9Sa3f_Nnqf8tVCZ98e8TKk-7gHsE6DUVqtflLVBOQ</recordid><startdate>20190801</startdate><enddate>20190801</enddate><general>National Bureau of Economic Research, Inc</general><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRNLG</scope><scope>F~G</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope></search><sort><creationdate>20190801</creationdate><title>Does Condominium Development Lead to Gentrification?</title></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-e724-fa88d6ffd0e4242b8b16371d026940268c7079c371f118e266926e1f09979c633</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>Condominiums</topic><topic>Economic theory</topic><toplevel>online_resources</toplevel><collection>ProQuest Central (Corporate)</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni)</collection><collection>ProQuest Central</collection><collection>ProQuest Databases</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global (ProQuest)</collection><collection>One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>ProQuest Central Basic</collection></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><format>book</format><genre>document</genre><ristype>GEN</ristype><atitle>Does Condominium Development Lead to Gentrification?</atitle><jtitle>NBER Working Paper Series</jtitle><date>2019-08-01</date><risdate>2019</risdate><spage>26170</spage><pages>26170-</pages><issn>0898-2937</issn><abstract>Working Paper No. 26170 The condominium structure, which facilitates ownership of units in multi-family buildings, was only introduced to the US during the 1960s. We ask whether the subsequent development of condominiums encouraged high-income households to move to central cities. Although we document a strong positive correlation between condominium density and resident income, this association is entirely driven by endogenous development of condos in areas otherwise attractive to high-income households. When we instrument for condo density using the passage of municipal regulations limiting condo conversions, we find little association between condo development and resident income, education or race.</abstract><cop>Cambridge</cop><pub>National Bureau of Economic Research, Inc</pub><doi>10.3386/w26170</doi></addata></record>
fulltext fulltext
identifier ISSN: 0898-2937
ispartof NBER Working Paper Series, 2019-08, p.26170
issn 0898-2937
language eng
recordid cdi_proquest_journals_2275281474
source ABI/INFORM Global (ProQuest); Alma/SFX Local Collection
subjects Condominiums
Economic theory
title Does Condominium Development Lead to Gentrification?
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-19T23%3A40%3A02IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=document&rft.atitle=Does%20Condominium%20Development%20Lead%20to%20Gentrification?&rft.jtitle=NBER%20Working%20Paper%20Series&rft.date=2019-08-01&rft.spage=26170&rft.pages=26170-&rft.issn=0898-2937&rft_id=info:doi/10.3386/w26170&rft_dat=%3Cproquest%3E2275281474%3C/proquest%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-e724-fa88d6ffd0e4242b8b16371d026940268c7079c371f118e266926e1f09979c633%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=2275281474&rft_id=info:pmid/&rfr_iscdi=true