Gentrification, Mobility, and Consumption

2024/07/09 by Giacomo De Giorgi, Enrico Moretti, De Giorgi, Giacomo +3
Business, Management and Accounting · Social Sciences · #FOS: Economics and business #General Economics (econ.GN) #Migration, Aging, and Tourism Studies #Sharing Economy and Platforms

paper · pdf · doi:10.48550/arxiv.2407.06695

openalex publication_date 2024/07/09 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28

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.

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