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  4. Spring 2023
  5. Neighborhood Change, Gentrification, and the Urbanization of College Graduates

Neighborhood Change, Gentrification, and the Urbanization of College Graduates

  • Victor Couture
  • Jessie Handbury
Journal of Economic Perspectives
vol. 37, no. 2, Spring 2023
(pp. 29-52)
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Abstract

We study changing trends in within-city sorting by education over the last 40 years. We show that neighborhoods closest to the centers of large US cities rose from having the lowest levels of college attainment in 1980 to the highest in 2017. We discuss the determinants of changes in sorting patterns, focusing on the role of transportation technology and income growth. We outline various consequences of the recent urbanization of college graduates on neighborhood amenities, house prices, and segregation. We highlight the tendency of college graduates to cluster into select central neighborhoods, likely limiting opportunities for interactions across educational lines.

Citation

Couture, Victor, and Jessie Handbury. 2023. "Neighborhood Change, Gentrification, and the Urbanization of College Graduates." Journal of Economic Perspectives, 37 (2): 29-52. DOI: 10.1257/jep.37.2.29

Additional Materials

JEL Classification

  • G51 Household Finance: Household Saving, Borrowing, Debt, and Wealth
  • I23 Higher Education; Research Institutions
  • R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
  • R31 Housing Supply and Markets
  • R41 Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
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