Ferreira, Fernando Vendramel; Kenney, Jeanna H.; Smith, … - National Bureau of Economic Research - 2023
We study how recent gentrification shocks impact Black and Hispanic neighborhoods, including where minority households … partially explained by neighborhood networks. We then use Bartik-style labor market income shocks to show that gentrification … has many effects. In Black neighborhoods, gentrification increases house prices and reduces the share of Black households …