Assessing the Effects of Place-Based Policy on Spatial Inequality and the Distribution of Household Income: Evidence from Tax Increment Financing

Assessing the Effects of Place-Based Policy on Spatial Inequality and the Distribution of Household Income: Evidence from Tax Increment Financing

This research examines the effects of tax increment financing (TIF) on spatial inequality from 1990 to 2014 in Cook County, Illinois. The author explores the effects of TIF on real income and income distribution and examines whether the effects lead to a reduction in spatial inequality. To address t...

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Veröffentlicht in:Economic development quarterly 2024-05, Vol.38 (2), p.82-99
1. Verfasser: Kim, Geon
Format: Artikel
Sprache:eng
Schlagworte:
Income distribution
Inequality
Mobility
Real income
Social mobility
Socioeconomic status
Tax increment financing
Variables
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container_title Economic development quarterly
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creator Kim, Geon
description This research examines the effects of tax increment financing (TIF) on spatial inequality from 1990 to 2014 in Cook County, Illinois. The author explores the effects of TIF on real income and income distribution and examines whether the effects lead to a reduction in spatial inequality. To address the question of spatial inequality, dependent variables are constructed that assess the probability of TIF increasing upward mobility on the real income ladder and catching up with other areas. The results show beneficial distributional effects, but the effects are much attenuated when examining changes in the probability of moving up in the rankings, indicating that the effects of TIF are limited in reducing spatial inequality in the region.
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subjects Income distribution
Inequality
Mobility
Real income
Social mobility
Socioeconomic status
Tax increment financing
Variables
title Assessing the Effects of Place-Based Policy on Spatial Inequality and the Distribution of Household Income: Evidence from Tax Increment Financing
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