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  • Bright minds, big rent: gentrification and the rising returns to skill 

    Edlund, Lena; Machado, Cecilia; Sviatchi, Michaela (2015-11)
    In 1980, housing prices in the main US cities rose with distance to the city center. By 2010, that relationship had reversed. We propose that this development can be traced to greater labor supply of high-income households ...