Wednesday, December 3, 2025 12:30 - 14:00

SAL 1.04, 1st Floor Conference Room, Sir Arthur Lewis Building, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH

About this event

This paper examines the welfare costs of rent growth and the prospects for reducing these costs. Using panel data on the near universe of renters in Texas 2011-2019, we estimate migration costs between neighborhoods jointly with the demand system for neighborhoods and commuting zones. A structural dynamic model of demand for cities and neighborhoods with endogenous mobility underlies these estimates. Using estimated model parameters, we quantify how migration to substitute cities and neighborhoods has mitigated the welfare cost of rent growth by household type. A reduced-form analysis of the impacts of housing supply shocks on renters' mobility and rental payments corroborates this model-based decomposition.

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Directions

This event will take place in SAL 1.04, 1st Floor Conference Room, Sir Arthur Lewis Building, LSE, 32 Lincoln's Inn Fields, London WC2A 3PH.

The building is labelled SAL on the LSE campus map. You can also find us on Google Maps. For further information, go to contact us.

Trade and Urban Seminars are part of the CEP's Trade programme and Urban programme.