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UID:20250924T002016EDT-85945zabO6@132.216.98.100
DTSTAMP:20250924T042016Z
DESCRIPTION:Victor Couture (Berkeley)\n	Date: January 9\, 2020\n	Time and Loc
 ation: 10:30 a.m.\, Leacock 429\n\nAbstract:\n	We explore the impact of ris
 ing incomes at the top of the distribution on spatial sorting patterns wit
 hin large U.S. cities. We develop and quantify a spatial model of a city w
 ith heterogeneous agents and non-homothetic preferences for neighborhoods 
 with endogenous amenity quality. As the rich get richer\, demand increases
  for the high quality amenities available in downtown neighborhoods. Risin
 g demand drives up house prices and spurs the development of higher qualit
 y neighborhoods downtown. This gentrification of downtowns makes poor incu
 mbents worse off\, as they are either displaced to the suburbs or pay high
 er rents for amenities that they do not value as much. We quantify the cor
 responding impact on well-being inequality. Through the lens of the quanti
 fied model\, the change in the income distribution between 1990 and 2014 l
 ed to neighborhood change and spatial resorting within urban areas that in
 creased the welfare of richer households relative to that of poorer househ
 olds\, above and beyond rising nominal income inequality.\n
DTSTART:20200109T153000Z
DTEND:20200109T170000Z
LOCATION:Leacock 429\, Leacock Building\, CA\, QC\, Montreal\, H3A 2T7\, 85
 5 rue Sherbrooke Ouest
SUMMARY:Victor Couture (Berkeley)\, “Income Growth and the Distributional E
 ffects of Urban Spatial Sorting”  
URL:/economics/channels/event/victor-couture-berkeley-
 income-growth-and-distributional-effects-urban-spatial-sorting-305529
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