Fiche du document
1 décembre 2020
- handle: 10670/1.gm73qm
- hal: hal-04112867
Mots-clés
PLACE-BASED POLICIES URBAN RENEWAL HOUSING PRICES HOUSING SPILLOVERS DIFFERENCE-IN-DIFFERENCESSujets proches
Dwellings--Prices Home prices House prices Housing prices Residential real estate--Prices Model cities Urban renewal projects Renewal, Urban Urban redevelopment Neighbourhoods NeighborhoodCiter ce document
Lucie Letrouit et al., « Impacts of a French Urban Renewal Program on local housing markets », HAL-SHS : droit et gestion, ID : 10670/1.gm73qm
Métriques
Partage / Export
Résumé
We contribute to the evaluation of urban renewal policies based on a large-scale program launched in France in 2004. Using an estimator aimed at avoiding bias in the estimation of treatment effects that are heterogeneous across treatment groups or time periods, and complementing its results with a more precise double fixed effects difference-in-differences estimator, we find no significant aggregate impact of the program on housing prices. We identify four dampening factors that can explain this lack of aggregate impact: a sometimes insufficient level of funding per neighborhood, a stigma effect in the most deprived neighborhoods, the isolation of some neighborhoods located far from city centers, and the concentration of the program's funding on types of operations associated with small impacts on housing prices.