Assessing the Effects of Place-Based Policy on Spatial Inequality and the Distribution of Household Income: Evidence from Tax Increment Financing-Reference-Cited by-同舟云学术

Assessing the Effects of Place-Based Policy on Spatial Inequality and the Distribution of Household Income: Evidence from Tax Increment Financing

Published:2023-12-06 Issue: Volume: Page:
ISSN:0891-2424
Container-title:Economic Development Quarterly
language:en
Short-container-title:Economic Development Quarterly

Author:

Kim Geon¹²^ORCID

Affiliation:

1. Department of Urban Planning and Policy, University of Illinois, Chicago, IL, USA

2. Department of Urban Planning and Engineering, Yonsei University, Seoul, South Korea

Abstract

This research examines the effects of tax increment financing (TIF) on spatial inequality from 1990 to 2014 in Cook County, Illinois. The author explores the effects of TIF on real income and income distribution and examines whether the effects lead to a reduction in spatial inequality. To address the question of spatial inequality, dependent variables are constructed that assess the probability of TIF increasing upward mobility on the real income ladder and catching up with other areas. The results show beneficial distributional effects, but the effects are much attenuated when examining changes in the probability of moving up in the rankings, indicating that the effects of TIF are limited in reducing spatial inequality in the region.

Publisher

SAGE Publications

Subject

Urban Studies,Economics and Econometrics,Development

Link

http://journals.sagepub.com/doi/pdf/10.1177/08912424231217695

Reference52 articles.

1. Jobs for the Heartland: Place-Based Policies in 21st-Century America

2. Identifying Productivity and Amenity Effects in Interurban Wage Differentials

3. Do Enterprise Zones Work?

4. Do local tax incentives affect economic growth? What mean impacts miss in the analysis of enterprise zone policies

5. Assessing the Incidence and Efficiency of a Prominent Place Based Policy