The Effect of School Desegregation Decisions on Single-Family Housing Prices

Richard D. Evans () and William Rayburn
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Richard D. Evans: Economics Department Memphis State University Memphis, Tennessee 38152, http://fcbe.memphis.edu/
William Rayburn: Finance and Real Estate University of Mississippi Oxford, Mississippi 38655, http://www.lsus.edu/econfin/

Journal of Real Estate Research, 1991, vol. 6, issue 2, 107-216

Abstract: Mean price per square foot for single-family residences is computed monthly in two adjacent areas of Memphis, Tennessee, for 180 months. The ratio of the mean prices reflects the time patterns of differential impacts of school desegregation events on the neighborhoods that had different racial characteristics. That ratio appears to be a stochastic process described by an ARIMA (1,1,3) (0,0,1) model, interrupted by four events: the Shelby County School segregation guilty decision in August 1971, the Memphis City School segregation guilty decision in December 1971, the implementation of the city's "Plan A" limited busing in January 1973, and the switch to massive bussing under "Plan Z" in that December.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1991
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Citations: View citations in EconPapers (4)

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