Applied Economics Lunch Seminar

Du 02/07/2019 de 12:30 à 13:30

Salle R2-01, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris

NERI Lorenzo (Queen Mary University)

The Unintended Consequences of Housing Regeneration Projects

The demolition of public housing estates is often seen as a way to deal with the shortage of houses. In London, many public estates have been demolished between 2002 and 2015 to pave the way for new developments with higher housing density, leading to the creation of 30,000 new houses. I have constructed a novel database with all demolitions in the Greater London area using administrative records from the London Development Database. A difference in difference analysis reveals that the demolition of an estate affects the surrounding neighborhood in terms of economic development, house prices and local businesses. I will study how these effects spill over to the preference of parents for local schools, and whether there are broader social costs of demolitions for communities and children in particular.