An Equilibrium Analysis of the Effects of Neighborhood-based Interventions on Children.

Autor/inn/en	Chyn, Eric; Daruich, Diego
Institution	National Bureau of Economic Research
Titel	An Equilibrium Analysis of the Effects of Neighborhood-based Interventions on Children.
Quelle	Cambridge, Mass.: National Bureau of Economic Research (2022), 62 S. PDF als Volltext (1); PDF als Volltext (2) Link als defekt meldenVerfügbarkeit
Reihe	NBER working paper series. w29927
Beigaben	Illustrationen
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
DOI	10.3386/w29927
Schlagwörter	Investition; Kind; Nachbarschaft; Sozialhilfe; Stadtentwicklung; USA; Bildungsinvestition; Sozialhilfe; Kind; Stadtentwicklung; Gemeinde (Kommune); Nachbarschaft; Sozialleistung; Bildungsinvestition; Investition; Arbeitspapier; Voucher; Öffentliche Hand; USA
Abstract	To study the effects of neighborhood and place-based interventions, this paper incorporates neighborhood effects into a general equilibrium (GE) heterogeneous-agent overlapping-generations model with endogenous location choice and child skill development. Importantly, housing costs as well as neighborhood effects are endogenously determined in equilibrium. Having calibrated the model based on U.S. data, we use simulations to show that predictions from the model match reduced form evidence from experimental and quasi-experimental studies of housing mobility and urban development programs. After this validation exercise, we study the long-run and large-scale impacts of vouchers and place-based subsidies. Both policies result in welfare gains by reducing inequality and generating improvements in average skills and productivity, all of which offset higher levels of taxes and other GE effects. We find that a voucher program generates larger long-run welfare gains relative to place-based policies. Our analysis of transition dynamics, however, suggests there may be more political support for place-based policies.
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2023/1