Place-based policies and the housing market

Hans Koster and Jos van Ommeren ()

No 17-008/VIII, Tinbergen Institute Discussion Papers from Tinbergen Institute

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

Keywords: house prices; place-based policies; public housing; housing spillovers (search for similar items in EconPapers)
JEL-codes: R30 R33 (search for similar items in EconPapers)
Date: 2017-01-13, Revised 2018-08-10
New Economics Papers: this item is included in nep-eur and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Place-Based Policies and the Housing Market (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20170008

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