Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/307812 
Year of Publication: 
2024
Series/Report no.: 
Helsinki GSE Discussion Papers No. 31
Publisher: 
Helsinki Graduate School of Economics, Helsinki
Abstract: 
We analyze displacement effects of a recent urban renewal program in Helsinki using population-wide register data and a difference-in-differences design. The data allow us to identify the incumbent residents in the program area and follow their later migration trajectories annually. We find that qualityadjusted housing prices increased in the targeted area by some 10–15% compared to control neighborhoods and that the program attracted higher income residents into new buildings built during the program's implementation. Incumbent public housing tenants and homeowners are more likely to stay in the targeted neighborhood after the program. We do not find evidence of displacement of incumbent tenants in market-rate rental housing. However, these results quite imprecise. These findings suggest that the program was successful in improving neighborhood quality and that incumbent public housing tenants and homeowners benefited from the program.
Subjects: 
Place-based policy
residential displacement
urban renewal
JEL: 
I38
H31
R23
R28
ISBN: 
978-952-7543-30-6
Document Type: 
Working Paper

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