@TechReport{iza:izadps:dp18666,
            	author={Páscoa, Jorge and Peralta, Susana and Santos, João Pereira dos},
            	title={Touristification and the Unequal Incidence of Housing Shocks: Evidence from Tax Records},
            	year={2026},
	month={May},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={18666},
            	url={https://www.iza.org/index.php/publications/dp18666},
	abstract={Touristification has emerged as a transformative yet contentious force in urban economies, creating both economic opportunities and displacement pressures. We estimate the impact of a rapid touristification boom on residential mobility, household income levels, and income composition in two European cities heavily exposed to tourism pressure. Using administrative tax records from 2016-2019 and an instrumental variable strategy based on proximity to tourist amenities, we show that short-term rental expansion significantly increased out-migration rates, particularly among lower-income residents and tenants. While incumbent homeowners who remain in highly touristified areas experience income gains, movers exhibit weaker labour-market outcomes. Our findings highlight the highly unequal incidence of tourism-driven housing shocks.},
	keywords={short-term rental;household income;displacement;inequality},
            }