a column by Kristian Behrens, Brahim Boualam, Julien Martin and Florian Mayneris for VOX: CEPR’s Policy Portal
Urban planners are increasingly willing to adopt policies to temper neighbourhood changes and to assist potential losers from these changes, but how can future spots of gentrification be anticipated?
This column studies gentrification in New York and Philadelphia between 1990 and 2010 to provide evidence on the micro-geographic scale of the process and the role that businesses play in it. It identifies a small group of about 20 industries whose presence in a poor neighbourhood increases its likelihood of gentrifying.
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