Slum Clearance and Urban Renewal in the United States

54 Pages Posted: 23 Sep 2011 Last revised: 29 Sep 2011

See all articles by William J. Collins

William J. Collins

Vanderbilt University - College of Arts and Science - Department of Economics; The Brookings Institution; National Bureau of Economic Research (NBER)

Katharine Shester

Washington and Lee University

Date Written: September 2011

Abstract

We study the local effects of a federal program that helped cities clear areas for redevelopment, rehabilitate structures, complete city plans, and enforce building codes. We use an instrumental variable strategy to estimate the program's effects on city-level measures of income, property values, employment and poverty rates, and population. The estimated effects on income, property values, and population are positive and economically significant. They are not driven by changes in demographic composition. Estimated effects on poverty reduction and employment are positive but imprecise. The results are consistent with a model in which local productivity is enhanced.

Suggested Citation

Collins, William J. and Shester, Katharine, Slum Clearance and Urban Renewal in the United States (September 2011). NBER Working Paper No. w17458. Available at SSRN: https://ssrn.com/abstract=1932587

William J. Collins (Contact Author)

Vanderbilt University - College of Arts and Science - Department of Economics ( email )

Box 1819 Station B
Nashville, TN 37235
United States
615-322-3428 (Phone)

The 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

Katharine Shester

Washington and Lee University ( email )

204 W Washington St
Lexington, VA 24450
United States

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