TY  - JOUR
AU  - Glaeser,Edward L.
AU  - Gyourko,Joseph
AU  - Saks,Raven E.
TI  - Urban Growth and Housing Supply
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 11097
PY  - 2005
Y2  - January 2005
UR  - http://www.nber.org/papers/w11097
L1  - http://www.nber.org/papers/w11097.pdf
N1  - Author contact info:
Edward L. Glaeser
Department of Economics
315A Littauer Center
Harvard University
Cambridge, MA 02138
Tel: 617/495-0575
Fax: 617/495-7730
E-Mail: eglaeser@harvard.edu

Joseph Gyourko
University of Pennsylvania
Wharton School of Business
3620 Locust Walk
1480 Steinberg-Dietrich Hall
Philadelphia, PA 19104-6302
Tel: 215/898-3003
Fax: 215/573-2220
E-Mail: gyourko@wharton.upenn.edu

Raven Molloy
Federal Reserve Board of Governors
20th and C Streets NW
Washington, DC 20551
E-Mail: raven.s.molloy@frb.gov
AB  - Cities are physical structures, but the modern literature on urban economic development rarely acknowledges that fact. The elasticity of housing supply helps determine the extent to which increases in productivity will create bigger cities or just higher paid workers and more expensive homes. In this paper, we present a simple model that provides a framework for doing empirical work that integrates the heterogeneity of housing supply into urban development. Empirical analysis yields results consistent with the implications of the model that differences in the nature of house supply across space are not only responsible for higher housing prices, but also affect how cities respond to increases in productivity.
ER  -