Slum Clearance and Urban Renewal in the United States

William Collins and Katharine L. Shester

No 17458, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We study the local effects of a federal program that helped cities clear areas for redevelopment, rehabilitate structures, complete city plans, and enforce building codes. We use an instrumental variable strategy to estimate the program's effects on city-level measures of income, property values, employment and poverty rates, and population. The estimated effects on income, property values, and population are positive and economically significant. They are not driven by changes in demographic composition. Estimated effects on poverty reduction and employment are positive but imprecise. The results are consistent with a model in which local productivity is enhanced.

JEL-codes: H7 K0 N12 R0 (search for similar items in EconPapers)
Date: 2011-09
New Economics Papers: this item is included in nep-geo and nep-ure
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Published as William J. Collins & Katharine L. Shester, 2013. "Slum Clearance and Urban Renewal in the United States," American Economic Journal: Applied Economics, American Economic Association, vol. 5(1), pages 239-73, January.

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