The external effects of place-based subsidized housing

Amy Ellen Schwartz; Ingrid Gould Ellen; Ioan Voicu; Michael H. Schill

doi:10.1016/j.regsciurbeco.2006.04.002

The external effects of place-based subsidized housing

Amy Ellen Schwartz, Ingrid Gould Ellen, Ioan Voicu, Michael H. Schill

Research output: Contribution to journal › Article › peer-review

112 Scopus citations

Abstract

Prior research has provided little evidence that subsidized housing investments generate significant external benefits to their neighborhoods. This paper revisits the external effects of subsidized housing, exploring the case of New York City. Relying on geocoded administrative data, we estimate a difference-in-difference specification of a hedonic regression model. We find significant and sustained external benefits. Spillovers increase with project size, and decrease with distance from the project sites and with the proportion of units in multifamily, rental buildings. Our results are robust to alternative specifications. Some of the benefit appears due to the effect of the replacement of existing disamenity.

Original language	English (US)
Pages (from-to)	679-707
Number of pages	29
Journal	Regional Science and Urban Economics
Volume	36
Issue number	6
DOIs	https://doi.org/10.1016/j.regsciurbeco.2006.04.002
State	Published - Nov 2006
Externally published	Yes

Keywords

Development/revitalization
Externalities
Housing
Neighborhood

ASJC Scopus subject areas

Economics and Econometrics
Urban Studies

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10.1016/j.regsciurbeco.2006.04.002

Cite this

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title = "The external effects of place-based subsidized housing",

abstract = "Prior research has provided little evidence that subsidized housing investments generate significant external benefits to their neighborhoods. This paper revisits the external effects of subsidized housing, exploring the case of New York City. Relying on geocoded administrative data, we estimate a difference-in-difference specification of a hedonic regression model. We find significant and sustained external benefits. Spillovers increase with project size, and decrease with distance from the project sites and with the proportion of units in multifamily, rental buildings. Our results are robust to alternative specifications. Some of the benefit appears due to the effect of the replacement of existing disamenity.",

keywords = "Development/revitalization, Externalities, Housing, Neighborhood",

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T1 - The external effects of place-based subsidized housing

AU - Schwartz, Amy Ellen

AU - Ellen, Ingrid Gould

AU - Voicu, Ioan

AU - Schill, Michael H.

PY - 2006/11

Y1 - 2006/11

N2 - Prior research has provided little evidence that subsidized housing investments generate significant external benefits to their neighborhoods. This paper revisits the external effects of subsidized housing, exploring the case of New York City. Relying on geocoded administrative data, we estimate a difference-in-difference specification of a hedonic regression model. We find significant and sustained external benefits. Spillovers increase with project size, and decrease with distance from the project sites and with the proportion of units in multifamily, rental buildings. Our results are robust to alternative specifications. Some of the benefit appears due to the effect of the replacement of existing disamenity.

AB - Prior research has provided little evidence that subsidized housing investments generate significant external benefits to their neighborhoods. This paper revisits the external effects of subsidized housing, exploring the case of New York City. Relying on geocoded administrative data, we estimate a difference-in-difference specification of a hedonic regression model. We find significant and sustained external benefits. Spillovers increase with project size, and decrease with distance from the project sites and with the proportion of units in multifamily, rental buildings. Our results are robust to alternative specifications. Some of the benefit appears due to the effect of the replacement of existing disamenity.

KW - Development/revitalization

KW - Externalities

KW - Housing

KW - Neighborhood

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DO - 10.1016/j.regsciurbeco.2006.04.002

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JO - Regional Science and Urban Economics

JF - Regional Science and Urban Economics

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ER -

The external effects of place-based subsidized housing

Abstract

Keywords

ASJC Scopus subject areas

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