The Resource Preserving History or Hindering Growth? The Heterogeneous Effects of Historic Districts on Local Housing Markets in New York City, Vicki Been, Ingrid Gould Ellen, Michael Gedal, Edward Glaeser, Brian J. McCabe, (electronic resource)

Preserving History or Hindering Growth? The Heterogeneous Effects of Historic Districts on Local Housing Markets in New York City, Vicki Been, Ingrid Gould Ellen, Michael Gedal, Edward Glaeser, Brian J. McCabe, (electronic resource)

Label
Preserving History or Hindering Growth? The Heterogeneous Effects of Historic Districts on Local Housing Markets in New York City
Title
Preserving History or Hindering Growth? The Heterogeneous Effects of Historic Districts on Local Housing Markets in New York City
Statement of responsibility
Vicki Been, Ingrid Gould Ellen, Michael Gedal, Edward Glaeser, Brian J. McCabe
Creator
Contributor
Subject
Language
eng
Summary
Since Brooklyn Heights was designated as New York City's first landmarked neighborhood in 1965, the Landmarks Preservation Commission has designated 120 historic neighborhoods in the city. This paper develops a theory of heterogeneous impacts across neighborhoods and exploits variation in the timing of historic district designations in New York City to identify the effects of preservation policies on residential property markets. We combine an extensive dataset of residential transactions during the 35-year period between 1974 and 2009 with data from the Landmarks Preservation Commission on the location of the city's historic districts and the timing of the designations. Designation raises property values within historic districts, but only outside of Manhattan. In areas where the value of the option to build unrestricted is higher, designation has a less positive effect on property values within the district. Consistent with theory, properties just outside the boundaries of districts increase in value after designation. There is also a modest reduction in new construction in districts after designation
Member of
http://library.link/vocab/creatorName
Been, Vicki
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Ellen, Ingrid Gould
  • Gedal, Michael
  • Glaeser, Edward
  • McCabe, Brian J
  • National Bureau of Economic Research
Series statement
NBER working paper series
Series volume
no. w20446
Target audience
specialized
Label
Preserving History or Hindering Growth? The Heterogeneous Effects of Historic Districts on Local Housing Markets in New York City, Vicki Been, Ingrid Gould Ellen, Michael Gedal, Edward Glaeser, Brian J. McCabe, (electronic resource)
Instantiates
Publication
Note
September 2014
Control code
ssj0001326500
Dimensions
unknown
Form of item
online
Governing access note
Access restricted to subscribing institutions
Specific material designation
remote
System control number
(WaSeSS)ssj0001326500
System details
  • System requirements: Adobe [Acrobat] Reader required for PDF files
  • Mode of access: World Wide Web
Label
Preserving History or Hindering Growth? The Heterogeneous Effects of Historic Districts on Local Housing Markets in New York City, Vicki Been, Ingrid Gould Ellen, Michael Gedal, Edward Glaeser, Brian J. McCabe, (electronic resource)
Publication
Note
September 2014
Control code
ssj0001326500
Dimensions
unknown
Form of item
online
Governing access note
Access restricted to subscribing institutions
Specific material designation
remote
System control number
(WaSeSS)ssj0001326500
System details
  • System requirements: Adobe [Acrobat] Reader required for PDF files
  • Mode of access: World Wide Web

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      43.907093 -69.963997
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