4 ms·
Do we know that for certain? Travel gives people crucial exposure to other parts of the country and world. Moreover, getting a job in a city often requires be
by ETH_start 4y ago
Do we know that for certain?
Travel gives people crucial exposure to other parts of the country and world.
Moreover, getting a job in a city often requires being able to get temporary lodging in that city due to the discrimination non-locals face when applying for jobs.
With tenant protection laws and rent control, the available stock of rentals can be extremely small, making it harder for people with poorer references to find shorter-term leases. Short-term rentals provide a means for these individuals to acquire the temporary housing they need to pursue job opportunities in other cities.
Given most of the productivity growth is, due agglomeration effects, accruing to just a couple megapolises: New York and the San Francisco Bay Area[1], short term rental stock can be a means of expanding opportunities for people not privileged enough to not already live in these cities.
[1] https://www.aeaweb.org/articles?id=10.1257/mac.20170388 https://www.aeaweb.org/articles?id=10.1257/mac.20170388