Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/280656 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
AEI Economics Working Paper No. 2022-09
Versionsangabe: 
Updated May 2023
Verlag: 
American Enterprise Institute (AEI), Washington, DC
Zusammenfassung: 
We study the aftermath of the 1968 Washington, DC civil disturbance to illuminate the mechanisms that drive urban redevelopment in the presence of low demand and racial tension. Using a within-block identification strategy, we show that destruction caused lots to remain vacant for the next thirty years and only recently converge in terms of structure value. The city acted to preclude for-profit land owners from leaving land vacant until demand conditions improved by purchasing nearly half of all properties in damaged neighborhoods. Despite this and other steps, the city had limited success in speeding up redevelopment.
Dokumentart: 
Working Paper

Datei(en):
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