Work location, residence location, and the intraurban wage gradient

Article Abstract:

The Muth-Mills monocentric city model suggests a direct relationship between work and residence locations. This urban land use model also implies the occurrence of intraurban wage gradients in which wages drop as the work location moves away from the central business district center. These wage gradients were analyzed using White's theoretical model of a simple monocentric city with decentralized employment to arrive at a worker's optimal work and residence location. The study used data from the 1980 Census to calculate the wage gradients for the cities of Cleveland, Columbus and Dayton, OH; Philadelphia and Pittsburg, PA; Detroit, MI; and Indianapolis, IN. Results offer strong support for the Muth-Mills proposition asserting that work and residence locations are positively correlated.

Research, Housing, Dwellings, Wages, Wages and salaries, Location, Industrial locations, Industrial location

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The timing and duration of development tax rate increases

Article Abstract:

Permanent increases in land development taxation rates may decrease the amount of land that is developed as urban in the steady state. Temporary rate increases influence the path of land development, but do not affect the steady state. A temporary increase in tax rates may slow the conversion of agricultural land to urban uses. Unanticipated temporary rate increases will slow the rate of conversion by more than an unanticipated permanent increase of the same size because landowners will develop most of their land only after the tax rate is restored to its original level.

Tax research, Real estate development, Tax rates

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Airport expansions and property values: the case of Chicago O'Hare Airport

Article Abstract:

Updated estimates of the effect of airport noise on property values are provided around one of the world's busiest airports, Chicago O'Hare. The results suggest the possibility of airport expansion without causing a drop in local property values or tax bases due to which the house prices may rise by as much as 284.6 million dollars in the densely populated area around the airport.

United States, Economic aspects, Real property, Real estate appraisal, Chicago-O'Hare International Airport

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