“…Many theories have since been offered to explain urban resurgence, such as an aging housing stock that is ripe for renovation (Brueckner and Rosenthal, 2009), increasing importance of knowledge in the economy leading to a growth in employment in central cities (Glaeser and Gottlieb, 2006;Baum-Snow and Hartley, 2015;Couture and Handbury, 2016), increasing preferences for urban amenities (Glaeser, Kolko and Saiz, 2001;Glaeser and Gottlieb, 2006;Couture and Handbury, 2016;Baum-Snow and Hartley, 2015), declining leisure time among higher income workers (Edlund et al, 2015), and lastly reductions in crime (Ellen and O'Regan, 2010;Glaeser and Gottlieb, 2006). 3 Our analysis centers on this last hypothesis.…”