Place-Based Policies and the Housing Market
2019 ◽
Vol 101
(3)
◽
pp. 400-414
◽
Keyword(s):
We study the economic effects of place-based policies in the housing market, by investigating the effects of a place-based program on prices of surrounding owner-occupied properties. The program improved the quality of public housing in 83 impoverished neighborhoods throughout the Netherlands. We combine a first-difference approach with a fuzzy regression-discontinuity design to address the fundamental issue that these neighborhoods are endogenously treated. Improvements in public housing induced surrounding housing prices to increase by 3.5%. The program's external benefits are sizable and at least half of the value of investments in public housing.
2016 ◽
Vol 48
(38)
◽
pp. 3685-3694
◽
2016 ◽
Vol 31
(4)
◽
pp. 495-507
◽
2013 ◽
Vol 27
(2)
◽
pp. 365-386
◽
2018 ◽
Vol 57
◽
pp. 45-59
◽
2018 ◽
Vol 86
(5)
◽
pp. 1901-1934
◽