The economic aftermath of the 1960s riots
Subtitle: evidence from property values
By: William J. Collins, Robert A. Margo.
Contributors: Margo, Robert A. 1954-; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10493; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10493.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Riots -- United States.; Real property -- Prices -- United States.; African Americans -- Economic conditions.
Description: "In the 1960s numerous cities in the United States experienced violent, race-related civil disturbances.  Although social scientists have long studied the causes of the riots, the consequences have received much less attention.  This paper examines census data from 1950 to 1980 to measure the riots' impact on the value of central-city residential property, and especially on black-owned property.  Both ordinary least squares and two-stage least squares estimates indicate that the riots depressed the median value of black-owned property between 1960 and 1970, with little or no rebound in the 1970s.  Analysis of household-level data suggests that the racial gap in the value of property widened in riot-afflicted cities during the 1970s"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.