JUE Insight: The Impacts of Opportunity Zones on Zone Residents / Matthew Freedman, Shantanu Khanna, David Neumark.

Format:

Book

Author/Creator:

Freedman, Matthew.

Contributor:

National Bureau of Economic Research.

Khanna, Shantanu.

Neumark, David.

Series:

Working Paper Series (National Bureau of Economic Research) no. w28573.

NBER working paper series no. w28573

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2021.

Summary:

The Opportunity Zone program, created by the Tax Cuts and Jobs Act in 2017, was designed to encourage investment in distressed communities across the U.S. We examine the early impacts (up to one-and-a-half years after enactment) of the Opportunity Zone program on residents of targeted areas. We leverage restricted-access microdata from the American Community Survey and employ a matching approach to estimate causal reduced-form effects of the program. Our results point to little or no evidence of positive effects of the Opportunity Zone program on the employment, earnings, or poverty of zone residents.

Notes:

Print version record

March 2021.