The elected official next door

IF 3.5 2区 经济学 Q1 ECONOMICS
Daniel B. Jones , Randall Walsh , Jiangnan Zeng
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引用次数: 0

Abstract

This paper examines whether the election of a city council member generates highly localized benefits within their own neighborhoods. We use housing prices as a summary statistic to capture the numerous and difficult to observe ways in which local government allocates localized amenities. Drawing on data on North Carolina city council elections and the universe of housing transactions, we use a close-elections regression discontinuity strategy. We find that housing prices substantially increase for houses very close (within 0.2 miles) to a newly elected councilmember’s place of residence.
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来源期刊
CiteScore
5.30
自引率
9.70%
发文量
63
期刊介绍: Regional Science and Urban Economics facilitates and encourages high-quality scholarship on important issues in regional and urban economics. It publishes significant contributions that are theoretical or empirical, positive or normative. It solicits original papers with a spatial dimension that can be of interest to economists. Empirical papers studying causal mechanisms are expected to propose a convincing identification strategy.
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