Measuring foreclosure impact mitigation: Evidence from the Neighborhood Stabilization Program in Chicago

Regional Science and Urban Economics - Tập 63 - Trang 38-56 - 2017
Xian F. Bak1, Geoffrey J.D. Hewings1
1Department of Agricultural and Consumer Economics and Regional Economics Applications Laboratory, University of Illinois, United States

Tài liệu tham khảo

Anenberg, 2014, Estimates of the size and source of price declines due to nearby foreclosures, Am. Econ. Rev., 104, 2527, 10.1257/aer.104.8.2527 Bertrand, 2004, How much should we trust differences-in-differences estimates?, Q. J. Econ., 119, 249, 10.1162/003355304772839588 Bondonio, 2007, Do local tax incentives affect economic growth? What mean impacts miss in the analysis of enterprise zone policies, Reg. Sci. Urban Econ., 37, 121, 10.1016/j.regsciurbeco.2006.08.002 Bak, X., Hewings, G.H., 2013. The Impact of Foreclosures on Nearby Property Values: Evidence from the city of Chicago: 2008–2012. Working Paper.〈http://xianfangbak.com/files/Bak-and-Hewings-2013-WP.pdf〉 Campbell, 2011, Forced sales and house prices, Am. Econ. Rev., 101, 2108, 10.1257/aer.101.5.2108 Cox, 1972, The analysis of multivariate binary data, Appl. Statis., 113, 10.2307/2346482 Fisher, 2015, The role of proximity in foreclosure externalities: Evidence from condominiums, Am. Econ. J.: Econ. Policy, 7, 119 Galster, 1999, The impact of neighbors who use Section 8 certificates on property values, Hous. Policy Debate, 10, 879, 10.1080/10511482.1999.9521354 Gerardi, 2015, Foreclosure externalities: new evidence, J. Urban Econ., 87, 42, 10.1016/j.jue.2015.02.004 Girma, 2007, Evaluating the foreign ownership wage premium using a difference-in-differences matching approach, J. Int. Econ., 72, 97, 10.1016/j.jinteco.2006.07.006 Harding, 2003, Estimating bargaining effects in hedonic models: evidence from the housing market, Real Estate Econ., 31, 601, 10.1046/j.1080-8620.2003.00078.x Hartley, 2014, The effect of foreclosures on nearby housing prices: supply or dis-amenity?, Reg. Sci. Urban Econ., 49, 108, 10.1016/j.regsciurbeco.2014.09.001 Immergluck, 2006, The impact of single-family mortgage foreclosures on neighborhood crime, Hous. Stud., 21, 851, 10.1080/02673030600917743 Joice, 2011, Neighborhood stabilization program, Cityscape, 13, 135 Kingsley, G.T., Smith, R., Price, D., 2009. The Impacts of Foreclosures on Families and Communuities Urban Institute. Lambie-Hanson, 2015, When does delinquency result in neglect? Mortgage distress and property maintenance, J. Urban Econ., 90, 1, 10.1016/j.jue.2015.07.002 Linden, 2008, Estimates of the impact of crime risk on property values from Megan's laws, Am. Econ. Rev., 98, 1103, 10.1257/aer.98.3.1103 Mikelbank, B.A., 2008. Spatial analysis of the impact of vacant, abandoned and foreclosed properties. Federal Reserve Bank of Cleveland Office of Community Affairs Paper. Ngai, 2014, Hot and cold seasons in the housing market, Am. Econ. Rev., 104, 3991, 10.1257/aer.104.12.3991 Rosenbaum, 1983, The central role of the propensity score in observational studies for causal effects, Biometrika, 70, 41, 10.1093/biomet/70.1.41 Rosenbaum, 1985, Constructing a control group using multivariate matched sampling methods that incorporate the propensity score, Am. Statis., 39, 33 Rossi-Hansberg, 2010, Housing externalities, J. Pol. Econ., 118, 485, 10.1086/653138 Schuetz, 2016, Have Distressed Neighborhoods Recovered? Evidence from the Neighborhood Stabilization Program, J. Hous. Econ, 34, 30, 10.1016/j.jhe.2016.07.003 Schwartz, 2006, The external effects of place-based subsidized housing, Reg. Sci. Urban Econ., 36, 679, 10.1016/j.regsciurbeco.2006.04.002 Spader, J., Cortes, A., Burnett, K., Buron, L., DiDomenico, M., Jefferson, A., Whitlow, S., Buell, J.L., Redfearn, C., Schuetz, J., 2015. Evaluation of the Neighborhood Stabilization Program. Abt Associates Inc., Bethesda, MD. Spader, 2016, Fewer Vacants, Fewer Crimes? Impacts of Neighborhood Revitalization Policies on Crime, Reg. Sci. Urban Econ., 60, 73, 10.1016/j.regsciurbeco.2016.07.005