Gentrification, Mobility, and Consumption

Giacomo De Giorgi, Enrico Moretti and Harrison Wheeler

Papers from arXiv.org

Abstract: We study the effect of localized housing price hikes on renters' mobility, consumption, and credit outcomes. Consistent with a spatial equilibrium model, we find that the consumption responses vary greatly for movers and stayers. While movers increase their consumption, purchase homes, and cars, stayers are relatively unaffected.

Date: 2024-07
New Economics Papers: this item is included in nep-ure
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