Local Effects of Large New Apartment Buildings in Low-Income Areas
利用大型公寓楼、租金和迁移的微观数据，研究发现低收入地区新建市场价住房使附近单元租金下降约6%，并吸引更多低收入地区居民迁入，但并未显著改善周边设施。
Abstract We study the local effects of new market-rate housing in low-income areas using microdata on large apartment buildings, rents, and migration. New buildings decrease rents in nearby units by about 6% relative to units slightly farther away or near sites developed later, and they increase in-migration from low-income areas. We show that new buildings absorb many high-income households and increase the local housing stock substantially. If buildings improve nearby amenities, the effect is not large enough to increase rents. Amenity improvements could be limited because most buildings go into already-changing neighborhoods or buildings could create disamenities such as congestion.