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Supply Shock Versus Demand Shock: The Local Effects Of New Housing In Low-Income Areas, Brian J. Asquith, Evan Mast, Davin Reed
Supply Shock Versus Demand Shock: The Local Effects Of New Housing In Low-Income Areas, Brian J. Asquith, Evan Mast, Davin Reed
Upjohn Institute Working Papers
We study the local effects of new market-rate housing in low-income areas using microdata on large apartment buildings, rents, and migration. New buildings decrease nearby rents by 5 to 7 percent relative to locations slightly farther away or developed later, and they increase in-migration from low-income areas. Results are driven by a large supply effect—we show that new buildings absorb many high-income households—that overwhelms any offsetting endogenous amenity effect. The latter may be small because most new buildings go into already-changing areas. Contrary to common concerns, new buildings slow local rent increases rather than initiate or accelerate them.
Rethinking State Economic Development Strategies: Or, How To Maximize Benefits For State Residents’ Earnings Per Capita, Timothy J. Bartik
Rethinking State Economic Development Strategies: Or, How To Maximize Benefits For State Residents’ Earnings Per Capita, Timothy J. Bartik
Presentations
No abstract provided.
Should Place-Based Jobs Policies Be Used To Help Distressed Communities? Yes, But Current Policies Need Reforms, Timothy J. Bartik
Should Place-Based Jobs Policies Be Used To Help Distressed Communities? Yes, But Current Policies Need Reforms, Timothy J. Bartik
Presentations
No abstract provided.
Making Sense Of Incentives: Taming Business Incentives To Promote Prosperity, Timothy J. Bartik
Making Sense Of Incentives: Taming Business Incentives To Promote Prosperity, Timothy J. Bartik
Upjohn Press
In evaluating incentives, everything depends on the details: how much in incentives it takes to truly cause a firm to locate or expand, the multiplier effects, the effects of jobs on employment rates, how jobs affect tax revenue versus public spending needs. Do benefits of incentives exceed costs? This depends on the details. This book is about those details. What magnitudes of incentive effects are plausible? How do benefits and costs vary with incentive designs? What advice can be given to evaluators? What is an ideal incentive policy? Answering these questions about incentives depends on a model of incentive effects, …
Is A Driverless Future Also Jobless?, Erica L. Groshen, John Paul Macduffie, Susan Helper, Charles Carson
Is A Driverless Future Also Jobless?, Erica L. Groshen, John Paul Macduffie, Susan Helper, Charles Carson
Upjohn Institute Policy and Research Briefs
No abstract provided.
What Should States Do About Incentives?, Timothy J. Bartik
What Should States Do About Incentives?, Timothy J. Bartik
Presentations
No abstract provided.
Rent Control - Is The Cure Worse Than The Disease?, Brian J. Asquith
Rent Control - Is The Cure Worse Than The Disease?, Brian J. Asquith
Upjohn Institute Policy and Research Briefs
No abstract provided.
Do Rent Increases Reduce The Housing Supply Under Rent Control? Evidence From Evictions In San Francisco, Brian J. Asquith
Do Rent Increases Reduce The Housing Supply Under Rent Control? Evidence From Evictions In San Francisco, Brian J. Asquith
Upjohn Institute Working Papers
Rent control balances strong tenant protections with supply-side incentives for landlords. However, cities with rent control are also some of the United States' most unaffordable, prompting questions about how well these incentives are working. I examine how controlled landlords change their housing supply in response to price increases using a well-identified hyperlocal demand shock the privately operated commuter shuttle systems in San Francisco. Controlled landlords increased market withdrawal filings and became less likely to create vacancies via evictions in response to a shuttle stop placement. Policies raising barriers to market withdrawals prompted controlled landlords to respond my increasing their at-fault …
Should Place-Based Jobs Policies Be Used To Help Distressed Communities?, Timothy J. Bartik
Should Place-Based Jobs Policies Be Used To Help Distressed Communities?, Timothy J. Bartik
Upjohn Institute Working Papers
Should policymakers seek to increase jobs in particular local labor markets? Yes, but only if these policies are well targeted and designed. Encouraging job growth in distressed places can cause persistent gains in employment-to-population ratios. But our current place-based jobs policies, under which state and local governments provide long-term tax incentives to megacorporations, are poorly targeted and designed. Such incentives are as large in nondistressed areas as in distressed areas, and they are excessively costly. What reforms are needed? First, job growth policies should target distressed areas. Second, tax incentives should be focused on high-multiplier businesses, such as high-tech firms. …
Should We Target Jobs At Distressed Places, And If So, How?, Timothy J. Bartik
Should We Target Jobs At Distressed Places, And If So, How?, Timothy J. Bartik
Upjohn Institute Policy and Research Briefs
No abstract provided.
The Effect Of New Market-Rate Housing Construction On The Low-Income Housing Market, Evan Mast
The Effect Of New Market-Rate Housing Construction On The Low-Income Housing Market, Evan Mast
Upjohn Institute Policy and Research Briefs
No abstract provided.
The Effect Of New Market-Rate Housing Construction On The Low-Income Housing Market, Evan Mast
The Effect Of New Market-Rate Housing Construction On The Low-Income Housing Market, Evan Mast
Upjohn Institute Working Papers
Increasing supply is frequently proposed as a solution to rising housing costs. However, there is little evidence on how new market-rate construction—which is typically expensive—affects the market for lower quality housing in the short run. I begin by using address history data to identify 52,000 residents of new multifamily buildings in large cities, their previous address, the current residents of those addresses, and so on. This sequence quickly adds lower-income neighborhoods, suggesting that strong migratory connections link the low-income market to new construction. Next, I combine the address histories with a simulation model to estimate that building 100 new market-rate …
The Effect Of New Market-Rate Housing Construction On The Low-Income Housing Market, Evan Mast
The Effect Of New Market-Rate Housing Construction On The Low-Income Housing Market, Evan Mast
Employment Research Newsletter
No abstract provided.
Realistic Local Job Multipliers, Timothy J. Bartik, Nathan Sotherland
Realistic Local Job Multipliers, Timothy J. Bartik, Nathan Sotherland
Upjohn Institute Policy and Research Briefs
No abstract provided.
Realistic Local Job Multipliers, Timothy J. Bartik, Nathan Sotherland
Realistic Local Job Multipliers, Timothy J. Bartik, Nathan Sotherland
Employment Research Newsletter
No abstract provided.
Local Job Multipliers In The United States: Variation With Local Characteristics And With High-Tech Shocks, Timothy J. Bartik, Nathan Sotherland
Local Job Multipliers In The United States: Variation With Local Characteristics And With High-Tech Shocks, Timothy J. Bartik, Nathan Sotherland
Upjohn Institute Working Papers
This paper provides new estimates of local job multipliers, the ratio of total jobs generated to some initial number of jobs created from a demand shock. Multipliers greatly affect benefits versus costs of local job-creation policies. These new estimates rely on improved methodology and data. The methodology better captures dynamic effects of demand shocks, specifies the model so that demand shocks are more comparable, and is more general in the types of demand shocks that are considered. The data has more industry detail than that used in previous studies. The local job multipliers estimated tend to be about one-quarter lower …
Rent Control‒Is The Cure Worse Than The Disease?, Brian J. Asquith
Rent Control‒Is The Cure Worse Than The Disease?, Brian J. Asquith
Employment Research Newsletter
No abstract provided.
The National-Level Economic Impact Of The Manufacturing Extension Partnership (Mep): Estimates For Fiscal Year 2018, Jim Robey, Randall W. Eberts, Brian Pittelko, Claudette Robey
The National-Level Economic Impact Of The Manufacturing Extension Partnership (Mep): Estimates For Fiscal Year 2018, Jim Robey, Randall W. Eberts, Brian Pittelko, Claudette Robey
Reports
No abstract provided.