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Nowcasting Gentrification: Using Yelp Data to Quantify Neighborhood Change

Author

Listed:
  • Edward L. Glaeser
  • Hyunjin Kim
  • Michael Luca

Abstract

Data from digital platforms have the potential to improve our understanding of gentrification, both by predicting gentrification and by characterizing the local economy of gentrifying neighborhoods. To explore, we identify gentrifying neighborhoods using government data, and then use Yelp data to analyze local business activity. We find that gentrifying neighborhoods tend to have growing numbers of local groceries, cafes, restaurants, and bars, with little evidence of crowd-out of other types of businesses. Moreover, local economic activity, as measured by Yelp data, is a leading indicator for housing price changes and can help to predict which neighborhoods are gentrifying.

Suggested Citation

  • Edward L. Glaeser & Hyunjin Kim & Michael Luca, 2018. "Nowcasting Gentrification: Using Yelp Data to Quantify Neighborhood Change," AEA Papers and Proceedings, American Economic Association, vol. 108, pages 77-82, May.
    • Handle: RePEc:aea:apandp:v:108:y:2018:p:77-82
    Note: DOI: 10.1257/pandp.20181034
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    File URL: https://www.aeaweb.org/doi/10.1257/pandp.20181034
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    More about this item

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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    This item is featured on the following reading lists, Wikipedia, or ReplicationWiki pages:
    1. Nowcasting Gentrification: Using Yelp Data to Quantify Neighborhood Change (AEA Papers & Proceedings 2018) in ReplicationWiki

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