Full Citation

Title: Slum Clearance and Urban Renewal in the United States

Citation Type: Working Paper

Publication Year: 2011

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Abstract: We study the local effects of the Housing Act of 1949, which established a federally subsidized program that helped cities clear areas for redevelopment, rehabilitate deteriorating structures, complete comprehensive city plans, and enforce building codes. We use an instrumental variable strategy to estimate the programs effects on city-level measures of median income, property values, employment and poverty rates, and population. The estimates are generally positive and economically significant, and they are not driven by differential changes in cities demographic composition. The results are consistent with a model of spatial equilibrium in which local productivity is enhanced.

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Authors: Shester, Katharine K.; Collins, William J.

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Publication Number: 17458

Institution: National Bureau of Economic Research

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Publisher Location: Cambridge, MA

Data Collections: IPUMS USA

Topics: Housing and Segregation, Other, Poverty and Welfare

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