Gentrification, Mobility, and Consumption
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arXiv
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| Hauptverfasser: | , , |
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| Format: | Preprint |
| Veröffentlicht: |
2024
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| _version_ | 1866916317386244096 |
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| author | De Giorgi, Giacomo Moretti, Enrico Wheeler, Harrison |
| author_facet | De Giorgi, Giacomo Moretti, Enrico Wheeler, Harrison |
| contents | 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. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2407_06695 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Gentrification, Mobility, and Consumption De Giorgi, Giacomo Moretti, Enrico Wheeler, Harrison General Economics Economics 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. |
| title | Gentrification, Mobility, and Consumption |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2407.06695 |