Did the COVID-19 Pandemic Cause an Urban Exodus?
Abstract: One constant through the upheavals of 2020 was the steady stream of media reports about residents’ fleeing dense urban areas. In this data brief, I use the Federal Reserve Bank of New York/Equifax Consumer Credit Panel (CCP) and find that migration flows were in fact very unfavorable for urban neighborhoods in 2020. However, people’s taking flight from urban areas is only part of the story.
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Provider: Federal Reserve Bank of Cleveland
Source: Cleveland Fed District Data Brief
Publication Date: 2021-02-05