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School segregation and the foreclosure crisis

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  • Ihlanfeldt, Keith
  • Mayock, Tom

Abstract

One overlooked consequence of America's foreclosure crisis is the impact it had on school segregation. Using data on Florida schools, we find that the crisis reduced the racial segregation of elementary schools by opening up affordable housing opportunities to black families in predominantly white neighborhoods. Our analysis has the added importance of providing a natural experiment testing whether more affordable housing in predominantly white school attendance zones will decrease segregation.

Suggested Citation

  • Ihlanfeldt, Keith & Mayock, Tom, 2018. "School segregation and the foreclosure crisis," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 277-290.
    • Handle: RePEc:eee:regeco:v:68:y:2018:i:c:p:277-290
    DOI: 10.1016/j.regsciurbeco.2017.12.003
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    References listed on IDEAS

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    1. Ihlanfeldt, Keith & Mayock, Tom, 2015. "Foreclosures and local government budgets," Regional Science and Urban Economics, Elsevier, vol. 53(C), pages 135-147.
    2. Elliot Anenberg & Edward Kung, 2014. "Estimates of the Size and Source of Price Declines Due to Nearby Foreclosures," American Economic Review, American Economic Association, vol. 104(8), pages 2527-2551, August.
    3. Michael C. Lens & Paavo Monkkonen, 2016. "Do Strict Land Use Regulations Make Metropolitan Areas More Segregated by Income?," Journal of the American Planning Association, Taylor & Francis Journals, vol. 82(1), pages 6-21, January.
    4. Kenneth P. Brevoort & Cheryl R. Cooper, 2013. "Foreclosure's Wake: The Credit Experiences of Individuals Following Foreclosure," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 41(4), pages 747-792, December.
    5. Raven Molloy & Hui Shan, 2013. "The Postforeclosure Experience of U.S. Households," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 41(2), pages 225-254, June.
    6. Gerardi, Kristopher & Rosenblatt, Eric & Willen, Paul S. & Yao, Vincent, 2015. "Foreclosure externalities: New evidence," Journal of Urban Economics, Elsevier, vol. 87(C), pages 42-56.
    7. Amine Ouazad & Romain Rancière, 2016. "Credit Standards and Segregation," The Review of Economics and Statistics, MIT Press, vol. 98(5), pages 880-896, December.
    8. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, April.
    9. Enrico Moretti, 2013. "Real Wage Inequality," American Economic Journal: Applied Economics, American Economic Association, vol. 5(1), pages 65-103, January.
    10. Gregory Burge & Keith Ihlanfeldt, 2006. "The Effects Of Impact Fees On Multifamily Housing Construction," Journal of Regional Science, Wiley Blackwell, vol. 46(1), pages 5-23, February.
    11. Keith Ihlanfeldt & Tom Mayock, 2016. "The Variance in Foreclosure Spillovers across Neighborhood Types," Public Finance Review, , vol. 44(1), pages 80-108, January.
    12. Ellen, Ingrid Gould & Lacoe, Johanna & Sharygin, Claudia Ayanna, 2013. "Do foreclosures cause crime?," Journal of Urban Economics, Elsevier, vol. 74(C), pages 59-70.
    13. Charles T. Clotfelter & Jacob L. Vigdor & Helen F. Ladd, 2006. "Federal Oversight, Local Control, and the Specter of "Resegregation" in Southern Schools," American Law and Economics Review, American Law and Economics Association, vol. 8(2), pages 347-389.
    14. Been, Vicki & Ellen, Ingrid Gould & Schwartz, Amy Ellen & Stiefel, Leanna & Weinstein, Meryle, 2011. "Does losing your home mean losing your school?: Effects of foreclosures on the school mobility of children," Regional Science and Urban Economics, Elsevier, vol. 41(4), pages 407-414, July.
    15. Roback, Jennifer, 1982. "Wages, Rents, and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1257-1278, December.
    16. Papke, Leslie E. & Wooldridge, Jeffrey M., 2008. "Panel data methods for fractional response variables with an application to test pass rates," Journal of Econometrics, Elsevier, vol. 145(1-2), pages 121-133, July.
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    Cited by:

    1. Geoffrey K. Turnbull & Arno J. van der Vlist, 2023. "After the Boom: Transitory and Legacy Effects of Foreclosures," The Journal of Real Estate Finance and Economics, Springer, vol. 66(2), pages 422-442, February.
    2. Sahar Khaleel & Bernadette Hanlon, 2023. "The rise of single-family rentals and the relationship to opportunity neighbourhoods for low-income families with children," Urban Studies, Urban Studies Journal Limited, vol. 60(13), pages 2706-2724, October.
    3. Vicki Been & Ingrid Ellen & David N. Figlio & Ashlyn Nelson & Stephen Ross & Amy Ellen Schwartz & Leanna Stiefel, 2021. "The Effects of Negative Equity on Children’s Educational Outcomes," NBER Working Papers 28428, National Bureau of Economic Research, Inc.
    4. Ihlanfeldt, Keith & Yang, Cynthia Fan, 2021. "Single-family rentals and neighborhood racial integration✰," Journal of Housing Economics, Elsevier, vol. 53(C).
    5. Ihlanfeldt, Keith & Yang, Cynthia Fan, 2019. "The Impact of Rental Housing on Neighborhood Racial and Social Integration," MPRA Paper 93485, University Library of Munich, Germany.

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    More about this item

    Keywords

    School segregation; Housing; Foreclosure;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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