Undergraduate Honors Theses

Thesis Defended

Spring 2018

Document Type

Thesis

Type of Thesis

Departmental Honors

Department

Economics

First Advisor

Taylor Jaworski

Second Advisor

Terra McKinnish

Third Advisor

William Kleiber

Abstract

This paper measures the effect of public housing on house prices. Due to extensive research on the negative spillover effects of public housing, one might question why policymakers still push public housing policy. However, many low-income families cannot afford their housing costs and demand more affordable housing. Using data from the Department of Housing and Urban Development (HUD) and the US Census, I run a fixed-effects regression of distance away from public housing, controlling for characteristics in the area. For every one mile increase away from public housing, there is an associated 11.6 percent increase in average house prices, assuming constant slope. For this non-linear model, the effect of public housing on house prices is diminished for each additional mile. Overall, public housing is associated with a decline in house prices.

Included in

Economics Commons

Share

COinS