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This paper shows the endogeneity of amenities plays a crucial role in determining the welfare distribution of a city's residents. We quantify this mechanism by building a dynamic model of residential choice with heterogeneous households, where consumption amenities are the equilibrium outcome of...
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causal effects of gentrification, which is often accompanied by increased property values, on homeowners' tax payment … behavior and residential mobility. The analysis, based on a difference-in-differences framework, suggests that gentrification …, and practitioners better understand the mechanisms through which gentrification may impact long-term homeowners and the …
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