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

Author

Listed:
  • Collins, William J.
  • Margo, Robert A.

Abstract

In the 1960s many American cities experienced violent, race-related civil disturbances. This article 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 OLS and IV 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. Census tract data for a small number of cities suggest relative losses of population and property value in tracts that were directly affected by riots compared to other tracts in the same cities.

Suggested Citation

  • Collins, William J. & Margo, Robert A., 2007. "The Economic Aftermath of the 1960s Riots in American Cities: Evidence from Property Values," The Journal of Economic History, Cambridge University Press, vol. 67(4), pages 849-883, December.
    • Handle: RePEc:cup:jechis:v:67:y:2007:i:04:p:849-883_00
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    JEL classification:

    • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General
    • N92 - Economic History - - Regional and Urban History - - - U.S.; Canada: 1913-
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination

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