IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-03014109.html

Impacts of a French Urban Renewal Program on Local Housing Markets

Author

Listed:
  • Florence Goffette-Nagot

    (GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

  • Sylvain Chareyron

    (UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12)

  • Lucie Letrouit

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

Abstract

Urban renewal programs have been implemented in many countries to ght housing decay, poverty concentration, and associated social ills in the last decades. In this paper, we propose an evaluation of a large-scale urban renewal program launched in France in 2004. Using a novel estimator aimed at avoiding bias in the estimation of treatment eects heterogeneous across treatment groups or time periods, and complementing its results with a more precise double xed eects dierence-in-dierences estimator, we nd no signicant eect of the program on housing values and transaction volume. However, we do nd a signicant impact on the social prole of housing buyers and sellers: an increased number of upward transitions of housing units, from blue-collar sellers to intermediate category buyers or from intermediate category sellers to executive buyers, and reduced housing transactions among executives. Altogether, our ndings suggest a renewed interest of upper socio-professional categories to invest or keep their property in the renovated neighborhoods.4
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Florence Goffette-Nagot & Sylvain Chareyron & Lucie Letrouit, 2020. "Impacts of a French Urban Renewal Program on Local Housing Markets," Post-Print halshs-03014109, HAL.
    • Handle: RePEc:hal:journl:halshs-03014109
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xiaojun Li & Jieyu Wang & Ke Luo & Yuanling Liang & Shaojian Wang, 2022. "Exploring the Spillover Effects of Urban Renewal on Local House Prices Using Multi-Source Data and Machine Learning: The Case of Shenzhen, China," Land, MDPI, vol. 11(9), pages 1-16, August.
    2. Baraldi, Anna Laura & Immordino, Giovanni & Stimolo, Marco, 2022. "Self-selecting candidates or compelling voters: How organized crime affects political selection," European Journal of Political Economy, Elsevier, vol. 71(C).
    3. Francesca M. Calamunci & Livio Ferrante & Rossana Scebba & Gianpiero Torrisi, 2023. "Mafia doesn't live here anymore: Antimafia policies and housing prices," Journal of Regional Science, Wiley Blackwell, vol. 63(4), pages 1001-1025, September.

    More about this item

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-03014109. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.