Revitalizing poor neighborhoods: Gentrification and individual mobility effects of new large-scale housing construction

Fabian Brunåker, Matz Dahlberg, Gabriella Kindström and Che-Yuan Liang

No g5rzn, SocArXiv from Center for Open Science

Abstract: Using almost three decades of full-population register data with detailed geo-coded information on how and where all individuals in Sweden live, on their moving patterns, and on their socio-economic characteristics, this paper examines if new large-scale housing construction is a suitable policy tool for revitalizing poor neighborhoods. The answer is yes. We reach four main conclusions. First, we find that new large developments of market-rate condominiums have strong gentrifying effects: the estimated effect on average income is 15% in the poorest quartile of neighborhoods. Second, the effect is not only driven by richer people moving into the newly built owned apartments, but also by average income rising by 10% in pre-existing homes. Since we do not find other concurrent housing-stock changes such as renovations and rent increases, this indicates that the areas become more attractive. Third, most of the gentrifying effects are due to high-income people moving in from richer areas outside a wider neighborhood. Fourth, we do not find any displacement of incumbent residents.

Date: 2024-07-11
New Economics Papers: this item is included in nep-ure
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Working Paper: Revitalizing poor neighborhoods: Gentrification and individual mobility effects of new large-scale housing construction (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:g5rzn

DOI: 10.31219/osf.io/g5rzn

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