Full Citation

Title: The Impact of Post-Katrina Rebuilding Grants on the Resettlement Choices of New Orleans Homeowners

Citation Type: Miscellaneous

Publication Year: 2013

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Abstract: This paper evaluates the impact of the Louisiana Road Home grant program on the post-Hurricane Katrina location choices of New Orleans homeowners. Using data from the Displaced New Orleans Residents Survey linked to administrative property assessment records, I estimate a dynamic discrete choice model of households rebuilding, resettlement, and borrowing/savings choices. Counterfactual experiments find that the grant program significantly increased the rebuilding rate in New Orleans, particularly among households with limited credit access and large uninsured losses. I estimate that location preferences are highly heterogeneous, and that the distortion caused by expected future bailouts to New Orleans is relatively small.

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Authors: Gregory, Jesse

Publisher: University of Wisconsin

Data Collections: IPUMS USA

Topics: Housing and Segregation, Other

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