Local Employment Effects of Affordable Housing Construction: Evidence from Iran

Saeed Tajrishy () and Mohammad Vesal ()
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Saeed Tajrishy: Sharif University of Technology
Mohammad Vesal: Sharif University of Technology

No 1765, Working Papers from Economic Research Forum

Abstract: This paper estimates the causal impact of a large-scale public housing construction project on district-level employment. The program focused on mass building of affordable housing for lowand middle-income households. We use this construction shock in a generalized difference-indifferences strategy to estimate the impact on local labor markets. Our results show that each affordable housing project, increase local employment in the construction sector by 5 persons and 230 hours per week. Our second result show public housing projects crowd-out private housing projects by 50 percent. However, we do not find statistically significant general equilibrium effects on local employment across all specifications. These findings suggest that the local variation in affordable housing construction was too small relative to the baseline regional variability to detect a “local multiplier” effect impacting jobs outside of construction. We also find a transition from non-construction jobs to construction which is consistent with no overall employment impact.

Pages: 28
Date: 2024-12-20, Revised 2024-12-20
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Published by The Economic Research Forum (ERF)

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