Cargando…
Housing Prices and the Skills Composition of Neighborhoods
In the United States (US), low-income workers are being pushed away from city centers where the cost of living is high. The effects of such changes on labor mobility and housing price have been explored in the literature. However, few studies have focused on the occupations and specific skills that...
Autores principales: | , , , , , |
---|---|
Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Frontiers Media S.A.
2021
|
Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8200666/ https://www.ncbi.nlm.nih.gov/pubmed/34136803 http://dx.doi.org/10.3389/fdata.2021.652153 |
_version_ | 1783707655218397184 |
---|---|
author | Althobaiti, Shahad Alghumayjan, Saud Frank, Morgan R. Moro, Esteban Alabdulkareem, Ahmad Pentland, Alex |
author_facet | Althobaiti, Shahad Alghumayjan, Saud Frank, Morgan R. Moro, Esteban Alabdulkareem, Ahmad Pentland, Alex |
author_sort | Althobaiti, Shahad |
collection | PubMed |
description | In the United States (US), low-income workers are being pushed away from city centers where the cost of living is high. The effects of such changes on labor mobility and housing price have been explored in the literature. However, few studies have focused on the occupations and specific skills that identify the most susceptible workers. For example, it has become increasingly challenging to fill the service sector jobs in the San Francisco (SF) Bay Area because appropriately skilled workers cannot afford the growing cost of living within commuting distance. With this example in mind, how does a neighborhood's skill composition change as a result of higher housing prices? Are there certain skill sets that are being pushed to the geographical periphery of a city despite their essentialness to the city's economy? Our study focuses on the impact of housing prices with a granular view of skills compositions to answer the following question: Has the density of cognitive skill workers been increasing in a gentrified area? We hypothesize that, over time, low-skilled workers are pushed away from downtown or areas where high-skill establishments thrive. Our preliminary results show that high-level cognitive skills are getting closer to the city center indicating adaptation to the increase of median housing prices as opposed to low-level physical skills that got further away. We examined tracts that the literature indicates as gentrified areas and found a pattern in which there is a temporal increase in median housing prices and the number of business establishments coupled with an increase in the percentage of skilled cognitive workers. |
format | Online Article Text |
id | pubmed-8200666 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Frontiers Media S.A. |
record_format | MEDLINE/PubMed |
spelling | pubmed-82006662021-06-15 Housing Prices and the Skills Composition of Neighborhoods Althobaiti, Shahad Alghumayjan, Saud Frank, Morgan R. Moro, Esteban Alabdulkareem, Ahmad Pentland, Alex Front Big Data Big Data In the United States (US), low-income workers are being pushed away from city centers where the cost of living is high. The effects of such changes on labor mobility and housing price have been explored in the literature. However, few studies have focused on the occupations and specific skills that identify the most susceptible workers. For example, it has become increasingly challenging to fill the service sector jobs in the San Francisco (SF) Bay Area because appropriately skilled workers cannot afford the growing cost of living within commuting distance. With this example in mind, how does a neighborhood's skill composition change as a result of higher housing prices? Are there certain skill sets that are being pushed to the geographical periphery of a city despite their essentialness to the city's economy? Our study focuses on the impact of housing prices with a granular view of skills compositions to answer the following question: Has the density of cognitive skill workers been increasing in a gentrified area? We hypothesize that, over time, low-skilled workers are pushed away from downtown or areas where high-skill establishments thrive. Our preliminary results show that high-level cognitive skills are getting closer to the city center indicating adaptation to the increase of median housing prices as opposed to low-level physical skills that got further away. We examined tracts that the literature indicates as gentrified areas and found a pattern in which there is a temporal increase in median housing prices and the number of business establishments coupled with an increase in the percentage of skilled cognitive workers. Frontiers Media S.A. 2021-05-31 /pmc/articles/PMC8200666/ /pubmed/34136803 http://dx.doi.org/10.3389/fdata.2021.652153 Text en Copyright © 2021 Althobaiti, Alghumayjan, Frank, Moro, Alabdulkareem and Pentland. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms. |
spellingShingle | Big Data Althobaiti, Shahad Alghumayjan, Saud Frank, Morgan R. Moro, Esteban Alabdulkareem, Ahmad Pentland, Alex Housing Prices and the Skills Composition of Neighborhoods |
title | Housing Prices and the Skills Composition of Neighborhoods |
title_full | Housing Prices and the Skills Composition of Neighborhoods |
title_fullStr | Housing Prices and the Skills Composition of Neighborhoods |
title_full_unstemmed | Housing Prices and the Skills Composition of Neighborhoods |
title_short | Housing Prices and the Skills Composition of Neighborhoods |
title_sort | housing prices and the skills composition of neighborhoods |
topic | Big Data |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8200666/ https://www.ncbi.nlm.nih.gov/pubmed/34136803 http://dx.doi.org/10.3389/fdata.2021.652153 |
work_keys_str_mv | AT althobaitishahad housingpricesandtheskillscompositionofneighborhoods AT alghumayjansaud housingpricesandtheskillscompositionofneighborhoods AT frankmorganr housingpricesandtheskillscompositionofneighborhoods AT moroesteban housingpricesandtheskillscompositionofneighborhoods AT alabdulkareemahmad housingpricesandtheskillscompositionofneighborhoods AT pentlandalex housingpricesandtheskillscompositionofneighborhoods |