Urban Renewal and Inequality: Evidence from Chicago’s Public Housing Demolitions
Abstrak
This paper studies one of the largest spatially targeted redevelopment efforts implemented in the United States: public housing demolitions sponsored by the HOPE VI program. Focusing on Chicago, we study welfare and racial disparities in the impacts of demolitions using a structural model that features a rich set of equilibrium responses. Our results indicate that demolitions had notably heterogeneous effects where welfare decreased for low-income minority households and increased for White households. Counterfactual simulations explore how housing policy mitigates negative effects of demolitions and suggest that increased public housing site redevelopment is the most effective policy for reducing racial inequality. Milena Almagro University of Chicago Milena.almagro@chicagobooth.edu Eric Chyn The University of Texas at Austin Department of Economics 2225 Speedway, Stop C3100 Austin, TX 78712-1690 and NBER eric.chyn@austin.utexas.edu Bryan A. Stuart Federal Reserve Bank of Philadelphia Research Department 10 Independence Mall Philadelphia, PA 19106 bryanastuart@gmail.com
Penulis (3)
Milena Almagro
Eric Chyn
B. Stuart
Akses Cepat
- Tahun Terbit
- 2023
- Bahasa
- en
- Total Sitasi
- 11×
- Sumber Database
- Semantic Scholar
- DOI
- 10.2139/ssrn.4299015
- Akses
- Open Access ✓