Graduation Year
2020
Date of Submission
12-2019
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Heather Antecol
Terms of Use & License Information
Rights Information
© 2019 Cameron A Cash
Abstract
Across the United States, housing prices have been increasing. Additionally, income inequality has been growing, especially in cities. I examine the economic impact of income inequality and unemployment on housing prices at the city level. I find that higher incomes lead to higher real estate prices at the city level. Furthermore, I find that additional rich white or Asian families increase home values. This outcome is important for both politicians and corporations who aim to provide affordable housing for constituents and employees respectively.
Recommended Citation
Cash, Cameron, "The Unaffordable American Dream: The Effect of Income Inequality on Housing Prices" (2020). CMC Senior Theses. 2325.
https://scholarship.claremont.edu/cmc_theses/2325
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
