Slum Clearance and Urban Renewal in the United States
- (pp. 239-73)
Abstract
We study the local effects of a federal program that helped cities clear areas for redevelopment, rehabilitate structures, complete city plans, and enforce building codes. We use an instrumental variable strategy to estimate the program's effects on city-level measures of income, property values, employment and poverty rates, and population. The estimated effects on income, property values, and population are positive and economically significant. They are not driven by changes in demographic composition. Estimated effects on poverty reduction and employment are positive but imprecise. The results are consistent with a model in which local productivity is enhanced. (JEL I32, N32, N92, R23, R38, R58)Citation
Collins, William J., and Katharine L. Shester. 2013. "Slum Clearance and Urban Renewal in the United States." American Economic Journal: Applied Economics, 5 (1): 239-73. DOI: 10.1257/app.5.1.239Additional Materials
JEL Classification
- I32 Measurement and Analysis of Poverty
- N32 Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy: U.S.; Canada: 1913-
- N92 Regional and Urban History: U.S.; Canada: 1913-
- R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
- R38 Production Analysis and Firm Location: Government Policy
- R58 Regional Development Planning and Policy
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