Place-based policies and the housing market

Research output: Contribution to JournalArticleAcademicpeer-review

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 languageEnglish
Pages (from-to)400-414
Number of pages15
JournalReview of Economics and Statistics
Volume101
Issue number3
DOIs
Publication statusPublished - 1 Jul 2019

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public housing
housing market
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Cite this

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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 JournalArticleAcademicpeer-review

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