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Gentrification, Mobility, and Consumption

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  • Giacomo De Giorgi
  • Enrico Moretti
  • Harrison Wheeler

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.

Suggested Citation

  • Giacomo De Giorgi & Enrico Moretti & Harrison Wheeler, 2024. "Gentrification, Mobility, and Consumption," Papers 2407.06695, arXiv.org.
    • Handle: RePEc:arx:papers:2407.06695
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    References listed on IDEAS

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