Can't get there from here: Affordability distance to a superstar city

Danny Ben-Shahar; Stuart Gabriel; Roni Golan

doi:10.1016/j.regsciurbeco.2018.04.006

Can't get there from here: Affordability distance to a superstar city

Danny Ben-Shahar^*, Stuart Gabriel, Roni Golan

^*Corresponding author for this work

Coller School of Management

Tel Aviv University

Research output: Contribution to journal › Article › peer-review

10 Scopus citations

Abstract

This paper explores the housing affordability distance to a superstar city. Affordability distance is defined in terms of the increment to household income required to consume a quality- and consumption-adjusted housing unit in the proximate superstar city. The analysis focuses on Tel Aviv, Israel's singular superstar city. Affordability distance to Tel Aviv rose by roughly 60 percent over the 2000–2015 period. Further, affordability distance was elevated among unmarried, non-college educated, and immigrant households. The upward movement in affordability distance was associated with increased out-migration from the city. Analysis of panel data suggests that policy interventions including investment in regional transportation infrastructure and new local housing supply were effective in mediating affordability distance.

Original language	English
Article number	103357
Pages (from-to)	1-15
Number of pages	15
Journal	Regional Science and Urban Economics
Volume	80
DOIs	https://doi.org/10.1016/j.regsciurbeco.2018.04.006
State	Published - Jan 2020

Funding

Funders	Funder number
Henry Crown Institute of Business Research in Israel
Y&S Nazarian Center for Israel Studies, UCLA
University of California, Los Angeles

Keywords

Affordability distance
Housing development
Superstar city
Transportation infrastructure

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.regsciurbeco.2018.04.006

Cite this

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title = "Can't get there from here: Affordability distance to a superstar city",

abstract = "This paper explores the housing affordability distance to a superstar city. Affordability distance is defined in terms of the increment to household income required to consume a quality- and consumption-adjusted housing unit in the proximate superstar city. The analysis focuses on Tel Aviv, Israel's singular superstar city. Affordability distance to Tel Aviv rose by roughly 60 percent over the 2000–2015 period. Further, affordability distance was elevated among unmarried, non-college educated, and immigrant households. The upward movement in affordability distance was associated with increased out-migration from the city. Analysis of panel data suggests that policy interventions including investment in regional transportation infrastructure and new local housing supply were effective in mediating affordability distance.",

keywords = "Affordability distance, Housing development, Superstar city, Transportation infrastructure",

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AB - This paper explores the housing affordability distance to a superstar city. Affordability distance is defined in terms of the increment to household income required to consume a quality- and consumption-adjusted housing unit in the proximate superstar city. The analysis focuses on Tel Aviv, Israel's singular superstar city. Affordability distance to Tel Aviv rose by roughly 60 percent over the 2000–2015 period. Further, affordability distance was elevated among unmarried, non-college educated, and immigrant households. The upward movement in affordability distance was associated with increased out-migration from the city. Analysis of panel data suggests that policy interventions including investment in regional transportation infrastructure and new local housing supply were effective in mediating affordability distance.

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KW - Transportation infrastructure

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Can't get there from here: Affordability distance to a superstar city

Abstract

Funding

Keywords

UN SDGs

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