JUE Insight: The Impacts of Opportunity Zones on Zone Residents

Matthew Freedman, Shantanu Khanna () and David Neumark

No 28573, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The Opportunity Zone program, created by the Tax Cuts and Jobs Act in 2017, was designed to encourage investment in distressed communities across the U.S. We examine the early impacts (up to one-and-a-half years after enactment) of the Opportunity Zone program on residents of targeted areas. We leverage restricted-access microdata from the American Community Survey and employ a matching approach to estimate causal reduced-form effects of the program. Our results point to little or no evidence of positive effects of the Opportunity Zone program on the employment, earnings, or poverty of zone residents.

JEL-codes: H25 H73 J23 R38 (search for similar items in EconPapers)
Date: 2021-03
New Economics Papers: this item is included in nep-lma and nep-ltv
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Published as Matthew Freedman & Shantanu Khanna & David Neumark, 2021. "JUE Insight: The Impacts of Opportunity Zones on Zone Residents," Journal of Urban Economics, .

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Journal Article: JUE Insight: The Impacts of Opportunity Zones on Zone Residents (2023)
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