arXiv Open Access 2024

Gentrification, Mobility, and Consumption

Giacomo De Giorgi Enrico Moretti Harrison Wheeler

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Abstrak

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.

Topik & Kata Kunci

econ.GN

Penulis (3)

Giacomo De Giorgi

Enrico Moretti

Harrison Wheeler

Format Sitasi

APA MLA BibTeX

Giorgi, G.D., Moretti, E., Wheeler, H. (2024). Gentrification, Mobility, and Consumption. https://arxiv.org/abs/2407.06695

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Informasi Jurnal

Tahun Terbit: 2024
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓