Assessing the Effects of Place-Based Policy on Spatial Inequality and the Distribution of Household Income: Evidence from Tax Increment Financing

IF 1.7 4区经济学 Q3 DEVELOPMENT STUDIES

Economic Development Quarterly Pub Date : 2023-12-06 DOI:10.1177/08912424231217695

Geon Kim

引用次数: 0

Abstract

This research examines the effects of tax increment financing (TIF) on spatial inequality from 1990 to 2014 in Cook County, Illinois. The author explores the effects of TIF on real income and income distribution and examines whether the effects lead to a reduction in spatial inequality. To address the question of spatial inequality, dependent variables are constructed that assess the probability of TIF increasing upward mobility on the real income ladder and catching up with other areas. The results show beneficial distributional effects, but the effects are much attenuated when examining changes in the probability of moving up in the rankings, indicating that the effects of TIF are limited in reducing spatial inequality in the region.

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评估以地方为基础的政策对空间不平等和家庭收入分配的影响：税收增量融资的证据

本研究考察了1990 - 2014年伊利诺伊州库克县税收增量融资对空间不平等的影响。作者探讨了TIF对实际收入和收入分配的影响，并考察了这种影响是否会导致空间不平等的减少。为了解决空间不平等的问题，我们构建了因变量来评估TIF在实际收入阶梯上增加向上流动性并赶上其他地区的可能性。结果显示了有利的分配效应，但在考察排名上升的概率变化时，这种效应大大减弱，这表明TIF在减少该地区的空间不平等方面的作用有限。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Development Quarterly Multiple-

CiteScore

2.20

自引率

13.30%

发文量

期刊介绍： Economic development—jobs, income, and community prosperity—is a continuing challenge to modern society. To meet this challenge, economic developers must use imagination and common sense, coupled with the tools of public and private finance, politics, planning, micro- and macroeconomics, engineering, and real estate. In short, the art of economic development must be supported by the science of research. And only one journal—Economic Development Quarterly: The Journal of American Economic Revitalization (EDQ)—effectively bridges the gap between academics, policy makers, and practitioners and links the various economic development communities.