Location Sorting and Endogenous Amenities: Evidence From Amsterdam

• 成果类型: Article
• 署名作者: Almagro, Milena; Dominguez-Iino, Tomas
• 署名单位: University of Chicago; National Bureau of Economic Research
• 刊物名称: ECONOMETRICA
• ISSN/ISSBN: 0012-9682
• DOI: 10.3982/ECTA21394
• 发表日期: 2025
• 页码: 1031-1071
• 关键词: discrete-choice models; determinants

摘要

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 a market for non-tradables. We estimate our model using Dutch microdata and leveraging variation in Amsterdam's spatial distribution of tourists as a demand shifter, finding significant heterogeneity in residents' preferences over amenities and in the supply responses of amenities to changes in demand composition. This two-way heterogeneity dictates the degree of horizontal differentiation across neighborhoods, residential sorting, and inequality. Finally, we show the distributional effects of mass tourism depend on this heterogeneity: following rent increases due to growing tourist demand for housing, younger residents-whose amenity preferences are closest to tourists-are compensated by amenities tilting in their favor, while the losses of older residents are amplified.