TY  - RPRT
        AU  - Páscoa, Jorge
AU  - Peralta, Susana
AU  - Santos, João Pereira dos
        TI  - Touristification and the Unequal Incidence of Housing Shocks: Evidence from Tax Records
        PY  - 2026/May/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 18666
        UR  - https://www.iza.org/index.php/publications/dp18666
        AB  - 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.
        KW  - short-term rental
KW  - household income
KW  - displacement
KW  - inequality
        ER  -