Who is my neighbour? Short-term renting and civic engagement in London
Nicola Fontana
CEP Discussion Papers from Centre for Economic Performance, LSE
Abstract:
Urbanization has transformed cities into the economic hubs of high-income countries, yet concerns about declining social capital persist. This paper investigates the impact of changes in neighbourhood composition on social capital within London. I show how neighbourhoods with higher short-term renting penetration experience a reduction in charitable organizations and increased feelings of loneliness. These results cannot be attributed uniquely to a change of composition in the long-term residents, but they also reflect changes in the behaviours of residents. Moreover, I find that higher short-term renting penetration is associated with a decrease in neighbourhood quality.
Keywords: civic engagement; social capital; short-term renting (search for similar items in EconPapers)
Date: 2025-07-02
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp2113
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