| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w29927
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| 来源ID | Working Paper 29927
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| An Equilibrium Analysis of the Effects of Neighborhood-based Interventions on Children |
| Eric Chyn; Diego Daruich
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| 发表日期 | 2022-04-11
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| 出版年 | 2022
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| 语种 | 英语
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| 摘要 | To study the effects of neighborhood and place-based interventions, this paper incorporates neighborhood effects into a general equilibrium (GE) heterogeneous-agent overlapping-generations model with endogenous location choice and child skill development. Importantly, housing costs as well as neighborhood effects are endogenously determined in equilibrium. Having calibrated the model based on U.S. data, we use simulations to show that predictions from the model match reduced form evidence from experimental and quasi-experimental studies of housing mobility and urban development programs. After this validation exercise, we study the long-run and large-scale impacts of vouchers and place-based subsidies. Both policies result in welfare gains by reducing inequality and generating improvements in average skills and productivity, all of which offset higher levels of taxes and other GE effects. We find that a voucher program generates larger long-run welfare gains relative to place-based policies. Our analysis of transition dynamics, however, suggests there may be more political support for place-based policies. |
| 主题 | Public Economics
; National Fiscal Issues
; Health, Education, and Welfare
; Poverty and Wellbeing
; Labor Economics
; Demography and Aging
; Regional and Urban Economics
; Regional Economics
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| URL | https://www.nber.org/papers/w29927
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587600
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推荐引用方式
GB/T 7714 |
Eric Chyn,Diego Daruich. An Equilibrium Analysis of the Effects of Neighborhood-based Interventions on Children. 2022.
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文件名：
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w29927.pdf
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格式：
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Adobe PDF
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