Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/35559 
Year of Publication: 
2008
Series/Report no.: 
IZA Discussion Papers No. 3777
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
There is much interest among cultural economists in assessing the effects of heritage preservation policies. There has been less interest in modeling the policy choices made in historic and cultural landmark preservation. This paper builds an economic model of a landmark designation that highlights the tensions between the interests of owners of cultural amenities and the interests of the neighboring community. We perform empirical tests by estimating a discrete choice model for landmark preservation using data from Chicago, combining the Chicago Historical Resources Survey of over 17,000 historic structures with property sales, Census, and other geographic data. The data allow us to explain why some properties were designated landmarks (or landmark districts) and others were not. The results identify the influence of property characteristics, local socio-economic factors, and measures of historic and cultural quality. The results emphasize the political economy of implementing preservation policies.
Subjects: 
Heritage preservation policy
landmark designation
JEL: 
Z1
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
454.85 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.