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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 …
Persistent link: https://www.econbiz.de/10014322867
Mortgage applications are a detailed and accurate source of household information that is verified by underwriters, making it a more accurate data source than self-reported survey answers. This paper discusses how mortgage data can be applied to areas of economics outside mortgage finance. As a...
Persistent link: https://www.econbiz.de/10012473698
The Schelling model of a "tipping point" in racial segregation, in which whites flee a neighborhood once a threshold of nonwhites is reached, is a canonical model of strategic interdependence. The idea of "tipping" explaining segregation is widely accepted in the academic literature and popular...
Persistent link: https://www.econbiz.de/10012463580
I construct an agency model of local public goods producers with special reference to public schools. The model assumes that households make Tiebout choices among jurisdictions, but it has more realistic assumptions about information and the cost of residential mobility. I examine producers'...
Persistent link: https://www.econbiz.de/10012471900
Simonsohn and Loewenstein (SL 2006) present evidence that a household moving from one US city to another tends to pay a rent level that is closer to the city of origin, relative to comparable locals. Building on "Memory, Attention, and Choice" (BGS 2019), we show that these effects emerge from...
Persistent link: https://www.econbiz.de/10012479601
Low-income families in the United States tend to live in neighborhoods that offer limited opportunities for upward income mobility. One potential explanation for this pattern is that families prefer such neighborhoods for other reasons, such as affordability or proximity to family and jobs. An...
Persistent link: https://www.econbiz.de/10012480110
This short note constructs Mobility Zones to facilitate the discussion on the geographic extent of individual mobility restrictions to control the spread of Covid-19. Mobility Zones are disjoint sets of counties where a given level of individual mobility directly or indirectly connects all...
Persistent link: https://www.econbiz.de/10012481819
We follow Medicare cohorts over time and space to estimate Hurricane Katrina's long-run mortality effects on elderly and disabled victims initially living in New Orleans. Inclusive of the initial shock, the hurricane improved survival eight years past the storm by 1.74 percentage points....
Persistent link: https://www.econbiz.de/10012452899
Could we significantly reduce U.S. unemployment by helping job seekers move closer to jobs? Using data from the leading employment board CareerBuilder.com, we show that, indeed, workers dislike applying to distant jobs: job seekers are 35% less likely to apply to a job 10 miles away from their...
Persistent link: https://www.econbiz.de/10012456008
This paper provides updated estimates of the impact of three financial frictions - negative equity, mortgage lock-in, and property tax lock-in - on household mobility. We add the 2009 wave of the American Housing Survey (AHS) to our sample and also create an improved measure of permanent moves...
Persistent link: https://www.econbiz.de/10012461253