Abstract
—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 through-out 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.
| Original language | English |
|---|---|
| Pages (from-to) | 400-414 |
| Number of pages | 15 |
| Journal | Review of Economics and Statistics |
| Volume | 101 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1 Jul 2019 |
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Place-based policies and the housing market. / Koster, Hans R.A.; van Ommeren, Jos.
In: Review of Economics and Statistics, Vol. 101, No. 3, 01.07.2019, p. 400-414.Research output: Contribution to Journal › Article › Academic › peer-review
TY - JOUR
T1 - Place-based policies and the housing market
AU - Koster, Hans R.A.
AU - van Ommeren, Jos
PY - 2019/7/1
Y1 - 2019/7/1
N2 - —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 through-out 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.
AB - —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 through-out 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.
UR - http://www.scopus.com/inward/record.url?scp=85068193090&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85068193090&partnerID=8YFLogxK
U2 - 10.1162/rest_a_00779
DO - 10.1162/rest_a_00779
M3 - Article
VL - 101
SP - 400
EP - 414
JO - Review of Economics and Statistics
JF - Review of Economics and Statistics
SN - 0034-6535
IS - 3
ER -