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Employment Subcenters And Home Price Appreciation Rates In Metropolitan Chicago

In: Spatial and Spatiotemporal Econometrics

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  • Daniel P. McMillen

Abstract

The size and number of employment subcenters have increased in large metropolitan areas as the spatial distribution of jobs has become increasingly decentralized. Although employment decentralization is not a new phenomenon, only recently have concentrations of employment outside the central city begun to rival the traditional central business district (CBD) in size and scope. Because of this change, neither theoretical nor empirical models in urban economics now rely solely on the traditional monocentric city model ofMuth (1969)andMills (1972). Instead, recent research incorporates some version of a polycentric model, a trend thatAnas et al. (1998)document in their excellent review article.

Suggested Citation

  • Daniel P. McMillen, 2004. "Employment Subcenters And Home Price Appreciation Rates In Metropolitan Chicago," Advances in Econometrics, in: Spatial and Spatiotemporal Econometrics, pages 237-257, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aecozz:s0731-9053(04)18007-9
    DOI: 10.1016/S0731-9053(04)18007-9
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