Presenter: Aske Egsgaard, Kraks Fond
Where: Kraks Fond, Frederiksholms Kanal 30, seminar room
April 4th, 2019 at 11.00-12.00
Do sharing economies change the cities:
evidence from the rapid growth of Airbnb in the Copenhagen metropolitan area
This paper investigates the implications of the rapid growth of Airbnb on the residential mobility in the Copenhagen metropolitan area. Despite enormous interest for the impact of Airbnb on cities, the potential impact of a housing sharing system on household residential mobility and the housing market in general has so far received little attention. In this paper we identify the impact of Airbnb by exploiting signiﬁcant variation in the adoption of Airbnb across city neighbourhoods for a period of nine years. We use data on all actual Airbnb stays in Copenhagen from when it first arrived in 2012 to 2016. This data is combined with micro data derived from the Danish administrative registers for all households with residence in the Copenhagen metropolitan area distributed over 49 zip codes within the period 2008-2016. We find that Airbnb has a significant negative impact on the residential mobility in the Copenhagen metropolitan area and that the effect is strongest for households that live in residences with many rooms.
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