The Economic Aftermath of the 1960s Riots: Evidence from Property Values / William J. Collins, Robert A. Margo.

Format:

Book

Author/Creator:

Collins, William J.

Contributor:

National Bureau of Economic Research.

Margo, Robert A.

Series:

Working Paper Series (National Bureau of Economic Research) no. w10493.

NBER working paper series no. w10493

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

The Economic Aftermath of the 1960s Riots

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2004.

Summary:

In the 1960s numerous cities in the United States experienced violent, race-related civil disturbances. Although social scientists have long studied the causes of the riots, the consequences have received much less attention. This paper examines census data from 1950 to 1980 to measure the riots' impact on the value of central-city residential property, and especially on black-owned property. Both ordinary least squares and two-stage least squares estimates indicate that the riots depressed the median value of black-owned property between 1960 and 1970, with little or no rebound in the 1970s. Analysis of household-level data suggests that the racial gap in the value of property widened in riot-afflicted cities during the 1970s.

Notes:

Print version record

May 2004.