中文摘要
近几十年来，绅士化改变了美国中心城市的社区。我估计了一个空间均衡模型，以表明高技能劳动者时间价值的上升促成了美国中心城市的绅士化。我表明，时间价值的上升提高了通勤成本，并外生地增加了高技能劳动者对中心区位的需求。虽然时间价值的变化对中心城市绅士化具有温和的直接效应，但该效应被本地技能结构变化所驱动的内生性舒适性变化大幅放大。(JEL J22, J24, R21, R23)
Abstract
In recent decades, gentrification has transformed American central city neighborhoods. I estimate a spatial equilibrium model to show that the rising value of high-skilled workers’ time contributes to the gentrification of American central cities. I show that the increasing value of time raises the cost of commuting and exogenously increases the demand for central locations by high-skilled workers. While change in the value of time has a modest direct effect on gentrification of central cities, the effect is substantially magnified by endogenous amenity change driven by the changes in local skill mix. (JEL J22, J24, R21, R23)