Urban Renewal and Inequality: Evidence from Chicago's Public Housing Demolitions / Milena Almagro, Eric Chyn, Bryan A. Stuart.

Format:

Book

Author/Creator:

Almagro, Milena.

Contributor:

National Bureau of Economic Research.

Chyn, Eric.

Stuart, Bryan A.

Series:

Working Paper Series (National Bureau of Economic Research) no. w30838.

NBER working paper series no. w30838

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2023.

Summary:

This paper studies one of the largest spatially targeted redevelopment efforts implemented in the United States: public housing demolitions sponsored by the HOPE VI program. Focusing on Chicago, we study welfare and racial disparities in the impacts of demolitions using a structural model that features a rich set of equilibrium responses. Our results indicate that demolitions had notably heterogeneous effects where welfare decreased for low-income minority households and increased for White households. Counterfactual simulations explore how housing policy mitigates negative effects of demolitions and suggest that increased public housing site redevelopment is the most effective policy for reducing racial inequality.

Notes:

Print version record

January 2023.