Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)

An Examination of the Socio-Economic and Cultural Implications of Gentrification on Global Superstar Cities Using Case Studies from New York and San Francisco

Authors
Zhiqian Ye1, *
1Dulwich College Shanghai Pudong, Shanghai, 200120, China
*Corresponding author. Email: joe.ye26@stu.dulwich.org
Corresponding Author
Zhiqian Ye
Available Online 24 February 2025.
DOI
10.2991/978-94-6463-652-9_3How to use a DOI?
Keywords
Gentrification; Displacement; Renewal
Abstract

Challenges have struck cities throughout human history, from natural disasters to large scale revolts. Though new challenges are emerging in par with the rise of digital technology that spurred international migration. Gentrification, an increasingly prevalent phenomenon combated by superstar cities, shined a spotlight to countless contemporary urban planners from around the world. Through influencing the housing market, gentrification has exacerbated spatial and income inequalities over time. Given its detrimental nature on lower wealth groups, this paper explores the socio-economic and cultural implications of gentrification based on San Francisco and New York. The study conducted by Mujahid et al in 2019, The Freeman Method combined with the American Community Survey one-year estimates in 2022 is used to examine quantitative changes in San Francisco neighborhoods from 2000 to 2013. On the study of New York, Sutton in 2020 collected quantitative data from Brown University, the American Community Survey from 2006 to 2010, and the US census data from 1970 to 2010. Similarly, Chronopoulos in 2020 borrowed quantitative data from the American Community Survey Five-Year data from 2009 to 2018 and the U.S census surveys from 1940 to 2000. Overall, examining gentrifications from two American superstar cities elucidates that gentrification not only diminishes cultural diversity, but also exacerbates inequalities from income, wealth, to racial.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
24 February 2025
ISBN
978-94-6463-652-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-652-9_3How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Zhiqian Ye
PY  - 2025
DA  - 2025/02/24
TI  - An Examination of the Socio-Economic and Cultural Implications of Gentrification on Global Superstar Cities Using Case Studies from New York and San Francisco
BT  - Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
PB  - Atlantis Press
SP  - 17
EP  - 27
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-652-9_3
DO  - 10.2991/978-94-6463-652-9_3
ID  - Ye2025
ER  -