| Abstract: | ABSTRACT. This paper presents evidence on the factors causing residential mobility within inner-city neighborhoods. A theoretical model is presented which posits that intraurban mobility is a response to housing consumption disequilibrium. Our data and methodology permitted more accurate measurement of disequilibrium than in previous studies, including the disequilibrium arising from neighborhood change. The major conclusion we draw from our results is that households' perceptions of the level of neighborhood quality and its change influence the mobility decisions of both renters and homeowners residing within central cities. Also, in comparison to other measured factors, neighborhood variables were found to be strong mobility predictors regardless of housing tenure. Our results imply that neighborhood improvement policies may succeed in stabilizing inner-city neighborhoods. |
