Slum Clearance and Urban Renewal in the United States
We study the local effects of a federal program that helped cities clear areas for redevelopment, rehabilitate structures, complete city plans, and enforce building codes. We use an instrumental variable strategy to estimate the program's effects on city-level measures of income, property value...
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| Veröffentlicht in: | American economic journal. Applied economics 2013-01, Vol.5 (1), p.239-273 |
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| container_end_page | 273 |
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| container_title | American economic journal. Applied economics |
| container_volume | 5 |
| creator | Collins, William J. Shester, Katharine L. |
| description | We study the local effects of a federal program that helped cities clear areas for redevelopment, rehabilitate structures, complete city plans, and enforce building codes. We use an instrumental variable strategy to estimate the program's effects on city-level measures of income, property values, employment and poverty rates, and population. The estimated effects on income, property values, and population are positive and economically significant. They are not driven by changes in demographic composition. Estimated effects on poverty reduction and employment are positive but imprecise. The results are consistent with a model in which local productivity is enhanced. |
| doi_str_mv | 10.1257/app.5.1.239 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1945-7782 |
| ispartof | American economic journal. Applied economics, 2013-01, Vol.5 (1), p.239-273 |
| issn | 1945-7782 1945-7790 |
| language | eng |
| recordid | cdi_proquest_journals_1274587265 |
| source | JSTOR Archive Collection A-Z Listing; American Economic Association Web |
| subjects | Affordable housing Cities Control variables Econometrics Economics Eminent domain Externality Funding Government grants Historic preservation Housing Human capital Median family income Median income Meetings Neighborhoods Population Property rights Property value Property values Redevelopment Renewals Statistical median Subsidies Urban renewal World War II |
| title | Slum Clearance and Urban Renewal in the United States |
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