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Urban Renewal and Inequality : Evidence from Chicago's Public Housing Demolitions
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
Urban Renewal and Inequality : Evidence from Chicago's Public Housing Demolitions
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
Urban Renewal and Inequality : Evidence from Chicago's Public Housing Demolitions
Almagro, Milena (author) / Chyn, Eric (author) / Stuart, Bryan A. (author) / National Bureau of Economic Research (issuing body)
NBER working paper series ; no. w30838
2023
1 Online-Ressource
illustrations (black and white)
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Book
Electronic Resource
English
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