000 01146nam a22001457a 4500
999 _c522873
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008 230609b ||||| |||| 00| 0 eng d
100 _aBerkes, Enrico and Gaetani, Ruben
_941688
245 _aIncome segregation and the rise of the knowledge economy
260 _aAmerican Economic Journal: Applied Economics
300 _a15(2), Apr, 2023: p.69-102
520 _aWe analyze the effect of an increase in knowledge-intensive activities on spatial inequality in US cities. We leverage a predetermined network of patent citations to instrument for local innovation trends. Between 1990 and 2010, a one-standard-deviation increase in patent growth increases income segregation by 0.65 Gini points, corresponding to 0.31 standard deviations of the over-time change in income segregation. This effect mainly arises from the sorting of residents by income, occupation, and education. Local shocks to innovation induce a clustering of knowledge-intensive jobs and residents, amplified by the response of rents and amenities.- Reproduced
773 _aAmerican Economic Journal: Applied Economics
906 _aKNOWLEDGE ECONOMY
942 _cAR