JUE Insight: What is the impact of opportunity zones on job postings?

Rachel M.B. Atkins, Pablo Hernández-Lagos, Cristian Jara-Figueroa and Robert Seamans

Journal of Urban Economics, 2023, vol. 136, issue C

Abstract: We study the effect of Opportunity Zones (OZs) on job postings using data comprising the near-universe of U.S. online job postings. The OZs program grants tax breaks for investment in designated distressed communities, nominated by each state’s governor based on multiple factors. We use propensity score matching to account for those factors and a difference-in-differences model over the matched sample to estimate the effect of the program. We find limited evidence of any effect of OZs on job postings on average, although we do find small positive effects in urban areas, in areas with above median Black population, and in some states.

Keywords: Opportunity zones; Employment; Place-based policies; Tax policies; Job postings (search for similar items in EconPapers)
JEL-codes: H25 J23 J31 J38 R12 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juecon:v:136:y:2023:i:c:s0094119023000141

DOI: 10.1016/j.jue.2023.103545

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