Assessing the Incidence and Efficiency of a Prominent Place Based Policy
利用人口普查和商业数据库的保密微观数据,以被拒和未来申请者为对照组,发现联邦城市赋权区计划显著提升了就业和工资,但未引起人口或生活成本上升,效率成本较低。
This paper empirically assesses the incidence and efficiency of Round I of the federal urban Empowerment Zone (EZ) program using confidential microdata from the Decennial Census and the Longitudinal Business Database. Using rejected and future applicants to the EZ program as controls, we find that EZ designation substantially increased employment in zone neighborhoods and generated wage increases for local workers without corresponding increases in population or the local cost of living. The results suggest the efficiency costs of first Round EZs were relatively modest.