Showing 1 - 10 of 27
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
city and the gentrification of those neighborhoods in response to a city wide housing demand shock. A key ingredient in our … causing the original poorer residents to migrate out. We refer to this process as "endogenous gentrification". Using a variety …
Persistent link: https://www.econbiz.de/10012462418
The paper emphasizes initially the effects of moving transaction costs on the potential effect of government rent subsidy programs. As a concomitant to this analysis, the paper reaffirms the low income elasticities of housing expenditure among low-income renters found by others. Moving...
Persistent link: https://www.econbiz.de/10012478093
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
We estimate the effect of current location on elderly mortality by analyzing outcomes of movers in the Medicare population. We control for movers' origin locations as well as a rich vector of pre-move health measures. We also develop a novel strategy to adjust for remaining unobservables, based...
Persistent link: https://www.econbiz.de/10012479924
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
Drawing on the universe of California income tax filings and the variation imposed by a 2012 tax increase of up to 3 percentage points for high-income households, we present new findings about the effects of personal income taxation on household location choice and pre-tax income. First, over...
Persistent link: https://www.econbiz.de/10012480293
We combine national administrative data on earnings and participation in subsidized housing to study how the demolition of 160 public housing projects--funded by the HOPE VI program--affected the adult labor market outcomes for 18,500 children. Our empirical strategy compares children exposed to...
Persistent link: https://www.econbiz.de/10012482376
We show that the hedging benefit of owning a home reduces the variability of housing consumption after a move. When a current home owner's house price covaries positively with housing costs in a future city, changes in the future cost of housing are offset by commensurate changes in wealth...
Persistent link: https://www.econbiz.de/10012462126
Using two decades of American Housing Survey data from 1985-2005, we estimate the impact on household mobility of owners having negative equity in their homes and of rising mortgage interest rates. We find that both lead to lower, not higher, mobility rates over time. The impacts are...
Persistent link: https://www.econbiz.de/10012464339