Honors Theses
Date of Award
Spring 5-12-2023
Document Type
Undergraduate Thesis
Department
Finance
First Advisor
Sergio Garate
Second Advisor
Charles Hilterbrand
Third Advisor
Natalia Kolesnikova
Relational Format
Dissertation/Thesis
Abstract
Abstract
This study shows the disruption that the Covid pandemic has had on the national relationship between changes in quarterly House Price Index (HPI) values and distance from Metropolitan statistical areas (MSAs). This disruption is statistically modeled through linear regressions where quarterly changes in HPI values are set equal to distance as well as factors such as change in population, housing units, and home ownership. Special recognition is also given to the distance relationship during years affected by Covid. This disruption is then analyzed in relation to demographic factors such as age and race. The study showed that the disruption of younger cities, cities whose median age was in the bottom 25th percentile, was twice that of the population which could suggest that younger people relocated outside of MSAs at a greater rate than older people. The study also showed that non-minority cities, cities whose minority makeup was in the bottom 25th percentile, exhibited stronger monocentric characteristics prior to Covid than the entire population which could suggest that further research could be conducted on pre-existing public policies and their effect on the disruption on the distribution of home values.
Recommended Citation
Jones, Jaylin Terreau, "Access Granted: A Demographic Analysis of How The Pandemic Has Disrupted the Monocentric City" (2023). Honors Theses. 2951.
https://egrove.olemiss.edu/hon_thesis/2951
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This work is licensed under a Creative Commons Attribution 4.0 International License.