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The Economic Aftermath of the 1960s Riots: Evidence from Property Values

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  • William J. Collins
  • Robert A. Margo

Abstract

In the 1960s numerous cities in the United States experienced violent, race-related civil disturbances. Although social scientists have long studied the causes of the riots, the consequences have received much less attention. This paper examines census data from 1950 to 1980 to measure the riots' impact on the value of central-city residential property, and especially on black-owned property. Both ordinary least squares and two-stage least squares estimates indicate that the riots depressed the median value of black-owned property between 1960 and 1970, with little or no rebound in the 1970s. Analysis of household-level data suggests that the racial gap in the value of property widened in riot-afflicted cities during the 1970s.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 10493.

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Date of creation: May 2004
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Publication status: published as Collins, Williams J. and Robert A. Margo. “The Economic Aftermath of the 1960s Riots in American Cities: Evidence from Property Values." Journal of Economic History 67, 4 (December 2007): 849 -883.
Handle: RePEc:nbr:nberwo:10493

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  1. Cutler, David M & Glaeser, Edward L, 1997. "Are Ghettos Good or Bad?," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 112(3), pages 827-72, August.
  2. Collins, William J. & Margo, Robert A., 2000. "Residential segregation and socioeconomic outcomes: When did ghettos go bad?," Economics Letters, Elsevier, Elsevier, vol. 69(2), pages 239-243, November.
  3. Edward L. Glaeser & Joseph Gyourko, 2001. "Urban Decline and Durable Housing," NBER Working Papers 8598, National Bureau of Economic Research, Inc.
  4. Daron Acemoglu & James A. Robinson, 2000. "Why Did The West Extend The Franchise? Democracy, Inequality, And Growth In Historical Perspective," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 115(4), pages 1167-1199, November.
  5. Ihlanfeldt, Keith R. & Martinez-Vazquez, Jorge, 1986. "Alternative value estimates of owner-occupied housing: Evidence on sample selection bias and systematic errors," Journal of Urban Economics, Elsevier, vol. 20(3), pages 356-369, November.
  6. Kain, John F & Quigley, John Michael, 1972. "Housing Market Discrimination, Homeownership, and Savings Behavior," American Economic Review, American Economic Association, American Economic Association, vol. 62(3), pages 263-77, June.
  7. David M. Cutler & Edward L. Glaeser & Jacob L. Vigdor, 1999. "The Rise and Decline of the American Ghetto," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 107(3), pages 455-506, June.
  8. DiPasquale, Denise & Glaeser, Edward L., 1998. "The Los Angeles Riot and the Economics of Urban Unrest," Journal of Urban Economics, Elsevier, vol. 43(1), pages 52-78, January.
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Cited by:
  1. Doug Miller & Jens Ludwig, 2005. "Does Head Start Improve Children’s Life Chances? Evidence from a Regression Discontinuity Design," Working Papers, University of California, Davis, Department of Economics 534, University of California, Davis, Department of Economics.
  2. Jaideep Gupte & Patricia Justino & Jean-Pierre Tranchant, 2012. "Households amidst urban riots: The economic consequences of civil violence in India," HiCN Working Papers 126, Households in Conflict Network.
  3. Leah Platt Boustan, 2010. "School Desegregation and Urban Change: Evidence from City Boundaries," NBER Working Papers 16434, National Bureau of Economic Research, Inc.

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