Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/244247
Authors: 
Aaronson, Daniel
Faber, Jacob
Hartley, Daniel
Mazumder, Bhashkar
Sharkey, Patrick
Year of Publication: 
2020
Series/Report no.: 
Working Paper No. 2020-33
Publisher: 
Federal Reserve Bank of Chicago, Chicago, IL
Abstract: 
We estimate the long-run effects of the 1930s Home Owners Loan Corporation (HOLC) redlining maps on census tract-level measures of socioeconomic status and economic opportunity from the Opportunity Atlas (Chetty et al. 2018). We use two identification strategies to identify the long-run effects of differential access to credit along HOLC boundaries. The first compares cross-boundary differences along actual HOLC boundaries to a comparison group of boundaries that had similar pre-existing differences as the actual boundaries. A second approach uses a statistical model to identify boundaries that were least likely to have been chosen by the HOLC. We find that the maps had large and statistically significant causal effects on a wide variety of outcomes measured at the census tract level for cohorts born in the late 1970s and early 1980s.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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