Assessing the Importance of Tiebout Sorting: Local Heterogeneity from 1850 to 1990

This paper argues that long-run trends in geographic segregation are inconsistent with models where residential choice depends solely on local public goods (the Tiebout hypothesis). We develop an extension of the Tiebout model that predicts as mobility costs fall, the heterogeneity across communitie...

Ausführliche Beschreibung