Table 7. Robustness Check on Gentrification on Residential Mobility (Individuals without Mortgages Only).

	Move (Any Move) as the Outcome				Move Downward as the Outcome (Movers)
	1. Main Results (All Individuals)	2. Tracts within 0.5 mile as the control	3. Consumers with 2+ accounts	4. Individuals 25+ years old	5. Main Results (All Individuals)	6. Tracts within 0.5 mile as the control	7. Consumers with 2+ accounts	8. Individuals 25+ years old
Gentrification & risk score (Ref: Nongentrify & Score 750+)
Gentrify	0.003	0.003	0.002	0.003	-0.058***	-0.071***	-0.046**	-0.055***
Score 650–749	0.017***	0.020***	0.018***	0.014***	0.042***	0.029	0.035**	0.043***
Score 580–649	0.008***	0.006	0.015***	0.008***	0.076***	0.058***	0.059***	0.077***
Score <580	-0.026***	-0.026***	-0.027***	-0.021***	0.125***	0.096***	0.109***	0.126***
Gentrify & Score 650–749	0.037***	0.031***	0.041***	0.034***	0.026	0.038	0.028	0.024
Gentrify & Score 580–649	0.007	0.007	0.016**	0.001	0.058***	0.072***	0.036	0.054**
Gentrify & Score <580	-0.010**	-0.011**	-0.004	-0.012***	0.082***	0.103***	0.061***	0.087***
Sum of coefficients
Gentrify + Gentrify & Score <580	-0.007***	-0.009***	-0.002*	-0.009***	0.024**	0.031***	0.015	0.032***
R Square	0.048	0.057	0.072	0.045	0.087	0.099	0.073	0.087
Number of observations	209,989	6144,136	116,350	189,515	20,120	214,192	13,120	16,928

Note: From linear probability regressions using pooled data (2003–2004 and 2006–2014); results for “gentrify” and for other gentrification types are from different regressions; r-squares are for the model using the categorical variables only;

^{***, **, *}represent significant at 0.01, 0.05, or 0.1 level, respectively; control variables include risk score, household size, age, mortgage status, serious delinquency, distance to City Hall and universities, year dummies, and neighborhood indicators; estimation is based on data from the FRBNY Consumer Credit Panel/Equifax.