The Economic Aftermath of the 1960s Riots: Evidence from Property Values

32 Pages Posted: 27 May 2004 Last revised: 4 Sep 2010

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)

Robert A. Margo

Boston University - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: May 2004

Abstract

In the 1960s numerous cities in the United States experienced violent, race-related civil disturbances. Although social scientists have long studied the causes of the riots, the consequences have received much less attention. This paper examines census data from 1950 to 1980 to measure the riots' impact on the value of central-city residential property, and especially on black-owned property. Both ordinary least squares and two-stage least squares estimates indicate that the riots depressed the median value of black-owned property between 1960 and 1970, with little or no rebound in the 1970s. Analysis of household-level data suggests that the racial gap in the value of property widened in riot-afflicted cities during the 1970s.

Suggested Citation

Collins, William J. and Margo, Robert A., The Economic Aftermath of the 1960s Riots: Evidence from Property Values (May 2004). NBER Working Paper No. w10493. Available at SSRN: https://ssrn.com/abstract=546290

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

Robert A. Margo

Boston University - Department of Economics ( email )

270 Bay State Road
Boston, MA 02215
United States
617-353-6819 (Phone)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
45
Abstract Views
876
PlumX Metrics