President and Founder
City Research - General
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Boston, MA 02110
Institutional Affiliation: City Research
NBER Working Papers and Publications
|January 1998||Incentives and Social Capital: Are Homeowners Better Citizens?|
with : w6363
Individuals invest in their local environments by volunteering, getting involved in local government, becoming informed about their political leaders, joining non-professional organizations and even gardening. Homeownership may encourage these investments because homeownership gives individuals an incentive to improve their community and because homeownership creates barriers to mobility. Using the U.S. General Social Survey document that homeowners are more likely to invest in social capital, and a simple instrumental variables strategy suggests that the relationship may be causal. While our results are not conclusive, we find evidence that a large portion of the effect of homeownership on these investments may come from lower mobility rates for homeowners. Using the German Socio-Econo...
Published: Journal of Urban Economics, Vol. 45, no. 2 (March 1999): 354-384 citation courtesy of
|February 1996||The L.A. Riot and the Economics of Urban Unrest|
with : w5456
The Los Angeles riot of 1992 resulted in 52 deaths, 2,500 injuries and at least $446 million in property damage; this staggering toll rekindled interest in understanding the underlying causes of the widespread social phenomenon of rioting. We examine the causes of rioting using international data, evidence from the race riots of the 1960s in the U.S., and Census data on Los Angeles, 1990. We find some support for the notions that the opportunity costs of time and the potential costs of punishment influence the incidence and intensity of riots. Beyond these individual costs and benefits, community structure matters. In our results, ethnic diversity seems a significant determinant of rioting, while we find little evidence that poverty in the community matters.
Published: Published as "The Los Angeles Riot and the Economics of Urban Unrest", JUE, Vol. 43, no. 1 (January 1998): 52-78.