When are D-graded neighborhoods not degraded? Greening the legacy of redlining

Alba Miñano-Mañero

No 2024/0353, Working Papers REM from ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa

Abstract: This paper explores how geography shapes the legacy of redlining, the systemic mortgage lending bias against minority us neighborhoods. On average, redlined neighborhoods lag behind adjacent, less-discriminated areas in home values, income, and racial composition. Yet, redlined neighborhoods near parks and water fare better. To help understand convergence, we inventory waterfront renovations, apply machine learning to historical imagery to track tree canopy changes, and instrument such changes exploiting tree replacements due to geographic variation in tree plagues and susceptible species. Findings suggest that enhancing waterfronts and increasing tree canopy can mitigate the long-lasting effects of institutionalized discrimination.

Keywords: redlining; geography; natural amenities; waterfronts; tree canopy. (search for similar items in EconPapers)
JEL-codes: R23 (search for similar items in EconPapers)
Date: 2024-10
New Economics Papers: this item is included in nep-big, nep-env and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:ise:remwps:wp03532024

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