White flight

[mprotsenko]

An interesting observation from Matthew Yglesias:

https://twitter.com/mattyglesias/status/1684237433863389184

The limits of peer effects: When Asians move into rich neighborhoods, white people start to move out because they don't want their kids to lose relative class rank in school.

https://nber.org/papers/w31434

I've seen a few examples myself (in Cupertino school district).