Until now, urban economists have studied the economic realities within cities, but this new research (Princeton University and Martin Prosperity Institute) takes a more detailed look inside neighborhoods. This more defined and closer analysis can help us to understand the success and failures of certain areas and the role that gentrification or segregation can play within the urban fabric.
Richard Florida at The Atlantic City Lab presents “what social scientists have dubbed the neighborhood effect, and two recent studies give us a better understanding of exactly how it works.”
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