Place-Based Policies and the Housing Market

Hans Koster and Jos van Ommeren ()

The Review of Economics and Statistics, 2019, vol. 101, issue 3, 400-414

Abstract: We study the economic effects of place-based policies in the housing market, by investigating the effects of a place-based program on prices of surrounding owner-occupied properties. The program improved the quality of public housing in 83 impoverished neighborhoods throughout the Netherlands. We combine a first-difference approach with a fuzzy regression-discontinuity design to address the fundamental issue that these neighborhoods are endogenously treated. Improvements in public housing induced surrounding housing prices to increase by 3.5%. The program's external benefits are sizable and at least half of the value of investments in public housing.

Date: 2019
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Working Paper: Place-based policies and the housing market (2018)
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