Publications

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  • What’s Happened to the Price of College? Quality Adjusted Net Price Indices for 4 Year College

    In this paper we estimate hedonic models of the (consumer) price of college to construct quality-adjusted net price indexes for U.S. four-year colleges, where the net price of college is defined as tuition and fees minus financial aid. For academic years 1990–91 to 1994–95, we find adjusting for financial aid leads to a 22 percent decline in the estimated price index for all four year colleges, while quality adjusting the results leads to a further, albeit smaller, decline. Nevertheless, public comprehensive colleges, perhaps an important gateway to college for students from low-income backgrounds, experienced the largest net price increases.

  • The Impact of School Reform on Student Performance

    This paper evaluates the impact of the New York Networks for School Renewal Project, a whole school reform initiated by the Annenberg Foundation as part of a nationwide reform strategy. It uses data on students in randomly chosen control schools to estimate impacts on student achievement, using an intent-to-treat design. After controlling for student demographic, mobility, and school characteristics, the authors find positive impacts for students attending reform schools in the fourth Grade, mixed evidence for fifth Grade, and slight to no evidence for sixth Grade. On average, there is a small positive impact. The paper illustrates how relatively inexpensive administrative data can be used to evaluate education reforms.

  • Immigrants and the Distribution of Resources within an Urban School District

    In New York City, where almost 14% of elementary school pupils are foreign-born and roughly half of these are “recent immigrants,” the impact of immigrant students on school resources may be important. While immigrant advocates worry about inequitable treatment of immigrant students, others worry that immigrants drain resources from native-born students. In this article, we explore the variation in school resources and the relationship to the representation of immigrant students. To what extent are variations in school resources explained by the presence of immigrants per se rather than by differences in student educational needs, such as poverty or language skills, or differences in other characteristics, such as race?

  • Housing Production Subsidies and Neighborhood Revitalization: New York City’s Ten Year Capital

    A perennial question in housing policy concerns the form that housing assistance should take. Although some argue that housing assistance should be thought of as a form of income support and advocate direct cash grants to needy households, others favor earmarked assistance—but they differ over whether subsidies should be given to the recipients as vouchers or to developers as production subsidies.

  • Estimating the External Effects of Subsidized Housing Investment on Property Values

    Although housing investment is often promoted as a tool for neighborhood improvement, prior empirical research has failed to provide convincing evidence that subsidized housing investment generates significant external effects. This paper revisits the external effects of subsidized housing investment. With the benefit of a very rich dataset, we use a difference-in-difference specification of a hedonic regression model to estimate the spillover effects of publicly-assisted housing units produced under the New York City Ten Year Plan program.

  • Has Falling Crime Driven New York City’s Real Estate Boom?

    We investigate whether falling crime has driven New York City’s post-1994 real estate boom, as media reports suggest. We address this by decomposing trends in the city’s property value from 1988 to 1998 into components due to crime, the city’s investment in subsidized low-income housing, the quality of public schools, and other factors. We use rich data and employ both hedonic and repeat-sales house price models, which allow us to control for unobservable neighborhood and building-specific effects. We find that the popular story touting the overwhelming importance of crime rates has some truth to it. Falling crime rates are responsible for about a third of the post-1994 boom in property values. However, this story is incomplete because it ignores the revitalization of New York City’s poorer communities and the large role that housing subsidies played in mitigating the earlier bust.

  • Revitalizing Inner City Neighborhoods: New York City’s Ten Year Plan For Housing

    This article examines the impact of Mayor Koch’s $5.1 billion, 10-year plan for housing on the sale prices of homes in surrounding neighborhoods. The paper finds that properties in the immediate vicinity of homes newly built or renovated through the 10-year plan rose in value relative to comparable properties further away, suggesting the housing investments helped to spur revitalization in the distressed neighborhoods targeted.

  • Telecommuting and the Demand for Urban Living: A Preliminary Look at White-Collar Workers

    With recent advances in communications technology, telecommuting appears to be an increasingly viable option for many workers. For urban researchers, the key question is whether this growing ability to telecommute is altering residential location decisions and leading households to live in smaller, lower-density and more remote locations. Using the Work Schedules supplement from the 1997 Current Population Study, this paper explores this question. Specifically, it examines the prevalence of telecommuting, explores the relationship between telecommuting and the residential choices of white-collar workers and, finally, speculates about future impacts on residential patterns and urban form.

  • Immigrant Children and Urban Schools: Evidence from NYC on Segregation and its Consequences

    For several decades, social scientists have tracked the fiscal health of American central cities with some degree of concern. Suburbanization, spawned by technological innovations, consumer preferences, and at least to some extent by government policy, has selectively pulled affluent households out of urban jurisdictions. The leaders of these jurisdictions are left with the prospect of satisfying more concentrated demands for services with a dwindling tax base, realizing that further increasing the burden they place on residents will simply drive more of them away. In the process, cities have become concentrated centers of poverty, joblessness, crime, and other social pathologies.

  • Neighborhood Effects on Health: Exploring the Links and Assessing the Evidence

    This article explores the possible causal pathways through which neighborhoods might affect health and then reviews the existing evidence. Although methodological issues make the literature inconclusive, the authors offer a provisional hypothesis for how neighborhoods shape health outcomes. They hypothesize that neighborhoods may primarily influence health in two ways: first, through relatively short-term influences on behaviors, attitudes, and health-care utilization, thereby affecting health conditions that are most immediately responsive to such influences; and second, through a longer-term process of “weathering,” whereby the accumulated stress, lower environmental quality, and limited resources of poorer communities, experienced over many years, erodes the health of residents in ways that make them more vulnerable to mortality from any given disease. Finally, drawing on the more extensive research that has been done exploring the effects of neighborhoods on education and employment, the authors suggest several directions for future research.