In her study of real estate and inequality, graduate student shania looks for the "aspen effect." she is looking for:

1 answer:

7 0

Aspen Effect is the outcome of increased economical inequality causing the middle class people to commute long distance for serving the socially wealthy people. In real state, Aspen denotes the wealthy communities and to meet their needs of service, people from service industry, most of them being middle class people and with low wage, travel back and forth. They commute long distance because the service provider simply cannot afford to live by renting or buying housing in the wealthy Aspen communities. Such long hours requirement of commute cause traffic congestion and other challenges. This effect was termed as Aspen Effect by the Cornell University Economics professor Robert H. Frank.

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