Urban Renewal and Inequality: Evidence from Chicago's Public Housing Demolitions

Milena Almagro, Eric Chyn and Bryan A. Stuart

No 30838, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper studies one of the largest spatially targeted redevelopment efforts implemented in the United States: public housing demolitions sponsored by the HOPE VI program. Focusing on Chicago, we study welfare and racial disparities in the impacts of demolitions using a structural model that features a rich set of equilibrium responses. Our results indicate that demolitions had notably heterogeneous effects where welfare decreased for low-income minority households and increased for White households. Counterfactual simulations explore how housing policy mitigates negative effects of demolitions and suggest that increased public housing site redevelopment is the most effective policy for reducing racial inequality.

JEL-codes: I31 R23 R28 (search for similar items in EconPapers)
Date: 2023-01
New Economics Papers: this item is included in nep-ure
Note: LS PE
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Citations: View citations in EconPapers (8)

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Working Paper: Urban Renewal and Inequality: Evidence from Chicago’s Public Housing Demolitions (2023)
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