Fostering prosperity at the local scale: Outcomes of urban policy for deprived neighbourhoods in Germany

Uwe Neumann and Serife Yasar

No 1129, Ruhr Economic Papers from RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen

Abstract: Traditional urban policy focuses mainly on redevelopment measures. Germany's Social City programme incorporates urban regeneration with support to local communities in deprived neighbourhoods. We use microdata on household characteristics from the German Socio-Economic Panel (SOEP) and microdata on housing prices from the RWI GEO-RED to assess the policy effects on household income and housing markets. Drawing on propensity score matching, we find that household incomes among programme areas have not been affected. However, hedonic pricing models reveal significant effects on housing prices and rents.

Keywords: Segregation; urban policy; matching; hedonic pricing models (search for similar items in EconPapers)
JEL-codes: C21 O18 R23 R31 R58 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-eur
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:rwirep:311300

DOI: 10.4419/96973311

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