The external effects of place-based subsidized housing

Amy Ellen Schwartz, Ingrid Gould Ellen, Ioan Voicu, Michael H. Schill

Research output: Contribution to journalArticle

Abstract

Prior research has provided little evidence that subsidized housing investments generate significant external benefits to their neighborhoods. This paper revisits the external effects of subsidized housing, exploring the case of New York City. Relying on geocoded administrative data, we estimate a difference-in-difference specification of a hedonic regression model. We find significant and sustained external benefits. Spillovers increase with project size, and decrease with distance from the project sites and with the proportion of units in multifamily, rental buildings. Our results are robust to alternative specifications. Some of the benefit appears due to the effect of the replacement of existing disamenity.

Original languageEnglish (US)
Pages (from-to)679-707
Number of pages29
JournalRegional Science and Urban Economics
Volume36
Issue number6
DOIs
StatePublished - Nov 2006

Fingerprint

external effects
housing
building
replacement
regression
evidence
effect
project
Subsidized housing
External effects
city

Keywords

  • Development/revitalization
  • Externalities
  • Housing
  • Neighborhood

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

The external effects of place-based subsidized housing. / Schwartz, Amy Ellen; Ellen, Ingrid Gould; Voicu, Ioan; Schill, Michael H.

In: Regional Science and Urban Economics, Vol. 36, No. 6, 11.2006, p. 679-707.

Research output: Contribution to journalArticle

Schwartz, Amy Ellen ; Ellen, Ingrid Gould ; Voicu, Ioan ; Schill, Michael H. / The external effects of place-based subsidized housing. In: Regional Science and Urban Economics. 2006 ; Vol. 36, No. 6. pp. 679-707.
@article{7bba726251b14759b15bde3f017c006a,
title = "The external effects of place-based subsidized housing",
abstract = "Prior research has provided little evidence that subsidized housing investments generate significant external benefits to their neighborhoods. This paper revisits the external effects of subsidized housing, exploring the case of New York City. Relying on geocoded administrative data, we estimate a difference-in-difference specification of a hedonic regression model. We find significant and sustained external benefits. Spillovers increase with project size, and decrease with distance from the project sites and with the proportion of units in multifamily, rental buildings. Our results are robust to alternative specifications. Some of the benefit appears due to the effect of the replacement of existing disamenity.",
keywords = "Development/revitalization, Externalities, Housing, Neighborhood",
author = "Schwartz, {Amy Ellen} and Ellen, {Ingrid Gould} and Ioan Voicu and Schill, {Michael H.}",
year = "2006",
month = "11",
doi = "10.1016/j.regsciurbeco.2006.04.002",
language = "English (US)",
volume = "36",
pages = "679--707",
journal = "Regional Science and Urban Economics",
issn = "0166-0462",
publisher = "Elsevier",
number = "6",

}

TY - JOUR

T1 - The external effects of place-based subsidized housing

AU - Schwartz, Amy Ellen

AU - Ellen, Ingrid Gould

AU - Voicu, Ioan

AU - Schill, Michael H.

PY - 2006/11

Y1 - 2006/11

N2 - Prior research has provided little evidence that subsidized housing investments generate significant external benefits to their neighborhoods. This paper revisits the external effects of subsidized housing, exploring the case of New York City. Relying on geocoded administrative data, we estimate a difference-in-difference specification of a hedonic regression model. We find significant and sustained external benefits. Spillovers increase with project size, and decrease with distance from the project sites and with the proportion of units in multifamily, rental buildings. Our results are robust to alternative specifications. Some of the benefit appears due to the effect of the replacement of existing disamenity.

AB - Prior research has provided little evidence that subsidized housing investments generate significant external benefits to their neighborhoods. This paper revisits the external effects of subsidized housing, exploring the case of New York City. Relying on geocoded administrative data, we estimate a difference-in-difference specification of a hedonic regression model. We find significant and sustained external benefits. Spillovers increase with project size, and decrease with distance from the project sites and with the proportion of units in multifamily, rental buildings. Our results are robust to alternative specifications. Some of the benefit appears due to the effect of the replacement of existing disamenity.

KW - Development/revitalization

KW - Externalities

KW - Housing

KW - Neighborhood

UR - http://www.scopus.com/inward/record.url?scp=33749128096&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=33749128096&partnerID=8YFLogxK

U2 - 10.1016/j.regsciurbeco.2006.04.002

DO - 10.1016/j.regsciurbeco.2006.04.002

M3 - Article

AN - SCOPUS:33749128096

VL - 36

SP - 679

EP - 707

JO - Regional Science and Urban Economics

JF - Regional Science and Urban Economics

SN - 0166-0462

IS - 6

ER -