Gentrification, displacement, and income trajectory of incumbents
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arXiv
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| Format: | Preprint |
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2024
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| _version_ | 1866911799105814528 |
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| author | Beauregard, Pierre-Loup |
| author_facet | Beauregard, Pierre-Loup |
| contents | Gentrification is associated with rapid demographic changes within inner-city neighborhoods. While many fear that gentrification drives low-income people from their homes and communities, there is limited evidence of the consequences of these changes. I use Canadian administrative tax files to track the movements of incumbent workers and their income trajectory as their neighborhood gentrifies. I exploit the timing at which neighborhoods gentrify in a matched staggered event-study framework. I find no evidence of displacement effects, even for low socioeconomic status households. In fact, families living in gentrifying neighborhoods are more likely to stay longer. I suggest that this might be related to tenant rights protection laws. When they endogenously decide to leave, low-income families do not relocate to worse neighborhoods. Finally, I find no adverse effects on their income trajectory, suggesting no repercussions on their labor market outcomes. |
| format | Preprint |
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arxiv_https___arxiv_org_abs_2403_10614 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Gentrification, displacement, and income trajectory of incumbents Beauregard, Pierre-Loup General Economics Economics Gentrification is associated with rapid demographic changes within inner-city neighborhoods. While many fear that gentrification drives low-income people from their homes and communities, there is limited evidence of the consequences of these changes. I use Canadian administrative tax files to track the movements of incumbent workers and their income trajectory as their neighborhood gentrifies. I exploit the timing at which neighborhoods gentrify in a matched staggered event-study framework. I find no evidence of displacement effects, even for low socioeconomic status households. In fact, families living in gentrifying neighborhoods are more likely to stay longer. I suggest that this might be related to tenant rights protection laws. When they endogenously decide to leave, low-income families do not relocate to worse neighborhoods. Finally, I find no adverse effects on their income trajectory, suggesting no repercussions on their labor market outcomes. |
| title | Gentrification, displacement, and income trajectory of incumbents |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2403.10614 |