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...
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doaj-59237f10b3b0450683366169fd959a7f2021-05-31T06:25:40ZengFrontiers Media S.A.Frontiers in Big Data2624-909X2021-05-01410.3389/fdata.2021.652153652153Housing Prices and the Skills Composition of NeighborhoodsShahad Althobaiti0Saud Alghumayjan1Morgan R. Frank2Morgan R. Frank3Morgan R. Frank4Esteban Moro5Esteban Moro6Ahmad Alabdulkareem7Alex Pentland8The Center for Complex Engineering Systems at King Abdulaziz City for Science & Technology (KACST) and Massachusetts Institute of Technology (MIT), Riyadh, Saudi ArabiaThe Center for Complex Engineering Systems at King Abdulaziz City for Science & Technology (KACST) and Massachusetts Institute of Technology (MIT), Riyadh, Saudi ArabiaMedia Lab, Massachusetts Institute of Technology, Cambridge, MA, United StatesDepartment of Informatics and Networked Systems, School of Computing and Information, University of Pittsburgh, Pittsburgh, PA, United StatesDigital Economy Lab, Institute for Human-Centered AI, Stanford University, Stanford, CA, United StatesMedia Lab, Massachusetts Institute of Technology, Cambridge, MA, United StatesDepartment of Mathematics and Grupo Interdisciplinar de Sistemas Complejos (GISC), Universidad Carlos III de Madrid, Madrid, SpainThe Center for Complex Engineering Systems at King Abdulaziz City for Science & Technology (KACST) and Massachusetts Institute of Technology (MIT), Riyadh, Saudi ArabiaMedia Lab, Massachusetts Institute of Technology, Cambridge, MA, United StatesIn 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.https://www.frontiersin.org/articles/10.3389/fdata.2021.652153/fulllabor economicsurban labor systemsgentrificationlabor skillscommuting networks |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Shahad Althobaiti Saud Alghumayjan Morgan R. Frank Morgan R. Frank Morgan R. Frank Esteban Moro Esteban Moro Ahmad Alabdulkareem Alex Pentland |
spellingShingle |
Shahad Althobaiti Saud Alghumayjan Morgan R. Frank Morgan R. Frank Morgan R. Frank Esteban Moro Esteban Moro Ahmad Alabdulkareem Alex Pentland Housing Prices and the Skills Composition of Neighborhoods Frontiers in Big Data labor economics urban labor systems gentrification labor skills commuting networks |
author_facet |
Shahad Althobaiti Saud Alghumayjan Morgan R. Frank Morgan R. Frank Morgan R. Frank Esteban Moro Esteban Moro Ahmad Alabdulkareem Alex Pentland |
author_sort |
Shahad Althobaiti |
title |
Housing Prices and the Skills Composition of Neighborhoods |
title_short |
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_sort |
housing prices and the skills composition of neighborhoods |
publisher |
Frontiers Media S.A. |
series |
Frontiers in Big Data |
issn |
2624-909X |
publishDate |
2021-05-01 |
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. |
topic |
labor economics urban labor systems gentrification labor skills commuting networks |
url |
https://www.frontiersin.org/articles/10.3389/fdata.2021.652153/full |
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