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metadata language: English

Replication data for: Superstar Cities

Version
V0
Resource Type
Dataset
Creator
  • Gyourko, Joseph
  • Mayer, Christopher
  • Sinai, Todd
Publication Date
2013-01-03
Description
  • Abstract

    We document large long-run differences in average house price appreciation across metropolitan areas over the past 50 years, and show they can be explained by an inelastic supply of land in some unique locations combined with an increasing number of highincome households nationally. The resulting high house prices and price-to-rent ratios in those "superstar" areas crowd out lower income households. The same forces generate a similar pattern among municipalities within a metropolitan area. These facts suggest that disparate local house price and income trends can be driven by aggregate demand, not just changes in local factors such as productivity or amenities.
Availability
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Relations
  • Is supplemented by
    DOI: 10.1257/pol.5.4.167 (Text)
Publications
  • Gyourko, Joseph, Christopher Mayer, and Todd Sinai. “Superstar Cities.” American Economic Journal: Economic Policy 5, no. 4 (November 2013): 167–99. https://doi.org/10.1257/pol.5.4.167.
    • ID: 10.1257/pol.5.4.167 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Gyourko, Joseph; Mayer, Christopher; Sinai, Todd (2013): Replication data for: Superstar Cities. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114839