Essays on Urban Economics- [electronic resource]
Essays on Urban Economics- [electronic resource]
- 자료유형
- 학위논문파일 국외
- 최종처리일시
- 20240214100440
- ISBN
- 9798380380812
- DDC
- 658
- 서명/저자
- Essays on Urban Economics - [electronic resource]
- 발행사항
- [S.l.]: : University of California, Berkeley., 2023
- 발행사항
- Ann Arbor : : ProQuest Dissertations & Theses,, 2023
- 형태사항
- 1 online resource(222 p.)
- 주기사항
- Source: Dissertations Abstracts International, Volume: 85-03, Section: A.
- 주기사항
- Advisor: Moretti, Enrico.
- 학위논문주기
- Thesis (Ph.D.)--University of California, Berkeley, 2023.
- 사용제한주기
- This item must not be sold to any third party vendors.
- 초록/해제
- 요약This dissertation studies the role of urban policies in shaping local housing markets, local labor markets, and transportation decisions. Chapter 1 uses tax records to document the first available evidence on the short-run response of financial capital to the Opportunity Zone (OZ) program, a federal place-based policy that provides tax incentives for capital investments in low-income neighborhoods. My coauthor and I document how OZ investments are spatially concentrated, flow towards areas with improving trends, and are primarily claimed by individuals at the 99th percentile of the national income distribution. In Chapter 2, I explore how real estate investment and home values respond to OZ tax credits. I find that targeted neighborhoods see a significant increase in new development and that local home values appreciate. Nearby areas see an increase in investment as well. Through a spatial-equilibrium model, I find that while the program as implemented had net benefits in terms of home value appreciation, alternative designations of neighborhoods for the tax credit could have substantially improved the program's equity and efficiency. In Chapter 3, my coauthor and I investigate the long-run effects of converting buildings to high-end condominiums on local home prices, demographics, and new business entry. We find that owners who are able to change their building's legal status to condominium tend to see their property values increase and are more likely to invest in renovations and rent out their units before selling them. Following these conversions, the values of adjacent buildings increase and the surrounding neighborhood gentrifies. Finally, in Chapter 4, my coauthors and I study whether ride-hailing complements or substitutes public transportation by examining the response of Uber ridership to rail expansions. We find that a new station significantly increases Uber ridership nearby, and that this effect decays to zero farther away. In studying the economic effects of urban policies, the chapters of my dissertation point to the value of a layered approach: using granular spatial data; adjusting analyses for neighborhood particularities to estimate the causal impacts of a policy and to account for its indirect effects on nearby areas; and delineating the manner in which public policy effects vary with neighborhood characteristics.
- 일반주제명
- Finance.
- 일반주제명
- Public policy.
- 키워드
- Urban policies
- 키워드
- Labor markets
- 키워드
- Tax credits
- 기타저자
- University of California, Berkeley Economics
- 기본자료저록
- Dissertations Abstracts International. 85-03A.
- 기본자료저록
- Dissertation Abstract International
- 전자적 위치 및 접속
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