Abstract

http://ssrn.com/abstract=936351
 
 

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The Causes and Consequences of Land Use Regulation: Evidence from Greater Boston


Edward L. Glaeser


Harvard University - John F. Kennedy School of Government, Department of Economics; Brookings Institution; National Bureau of Economic Research (NBER)

Bryce Adam Ward


Harvard University - Faculty of Arts and Sciences; National Bureau of Economic Research (NBER)

October 2006

Harvard Institute of Economic Research Discussion Paper No. 2124

Abstract:     
Over the past 30 years, eastern Massachusetts has seen a remarkable combination of rising home prices and declining supply of new homes. The reductions in new supply don't appear to reflect a real lack of land, but instead reflect a response to man-made restrictions on development. In this paper, we examine the land-use regulations in greater Boston. There has been a large increase in the number of new regulations, which differ widely over space. Few variables, other than historical density and abundant recreational water, reliably predict these regulations. High lot sizes and other regulations are associated with less construction. The regulations boost prices by decreasing density, but density levels seem far too low to maximize total land value.

Number of Pages in PDF File: 39

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Date posted: October 10, 2006  

Suggested Citation

Glaeser, Edward L. and Ward, Bryce Adam, The Causes and Consequences of Land Use Regulation: Evidence from Greater Boston (October 2006). Harvard Institute of Economic Research Discussion Paper No. 2124. Available at SSRN: http://ssrn.com/abstract=936351 or http://dx.doi.org/10.2139/ssrn.936351

Contact Information

Edward L. Glaeser (Contact Author)
Harvard University - John F. Kennedy School of Government, Department of Economics ( email )
Littauer Center
Room 315A
Cambridge, MA 02138
United States
617-496-2150 (Phone)
617-496-1722 (Fax)
Brookings Institution
1775 Massachusetts Ave. NW
Washington, DC 20036-2188
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Bryce Adam Ward
Harvard University - Faculty of Arts and Sciences ( email )
1875 Cambridge Street
Cambridge, MA 02138
United States
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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