The economic aftermath of the 1960s riots in American cities: Evidence from property values

• 成果类型: Article
• 署名作者: Vanderbilt University; National Bureau of Economic Research; Boston University
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S0022050707000423
• 发表日期: 2007
• 页码: 849-883
• 关键词: racial disturbances; weak instruments; race riots; segregation; severity; VIOLENCE; GROWTH; city; explanations; disorders

摘要

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.