The Economic Aftermath of the 1960s Riots: Evidence from Property Values

William Collins and Robert Margo

No 10493, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In the 1960s numerous cities in the United States experienced violent, race-related civil disturbances. Although social scientists have long studied the causes of the riots, the consequences have received much less attention. This paper examines census data from 1950 to 1980 to measure the riots' impact on the value of central-city residential property, and especially on black-owned property. Both ordinary least squares and two-stage least squares estimates indicate that the riots depressed the median value of black-owned property between 1960 and 1970, with little or no rebound in the 1970s. Analysis of household-level data suggests that the racial gap in the value of property widened in riot-afflicted cities during the 1970s.

JEL-codes: N92 R0 (search for similar items in EconPapers)
Date: 2004-05
New Economics Papers: this item is included in nep-his
Note: DAE LS
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Citations: View citations in EconPapers (7)

Published as Collins, Williams J. and Robert A. Margo. “The Economic Aftermath of the 1960s Riots in American Cities: Evidence from Property Values." Journal of Economic History 67, 4 (December 2007): 849 -883.

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