This paper assesses employment growth around more than 200 new transit stations in California that opened between 1992 and 2006. Using difference-in-differences estimation, employment growth within a quarter-mile of new stations was, on average, no faster after stations opened than before they...

This paper assesses why lower-income urban neighborhoods gentrify. Over the period 1980-2000, gentrification was more likely in Census tracts that are closer to the city center and have older housing stock, consistent with theoretical predictions from classic urban models and with other recent...