Economics

Document Type

Article

Abstract

A difference-in-differences approach is used to measure the impact of new inner-city grocery store developments on residential housing values in Worcester, Massachusetts. Using geocoded housing sales from 1988-2011, we develop a hedonic model, exploiting temporal and spatial discontinuities, to identify the effect of 12 new grocery stores on neighborhood housing prices. Results suggest these new stores were associated with an increase in sale prices of nearby homes, and these results could help inform current policies related to urban food deserts, in that new grocery stores have the potential to improve neighborhood wealth as well as health.

Publication Title

Agricultural and Resource Economics Review

Publication Date

4-2017

Volume

46

Issue

1

First Page

87

Last Page

102

ISSN

1068-2805

DOI

10.1017/age.2016.29

Keywords

difference-in-differences, grocery stores, hedonic models

Creative Commons License

Creative Commons Attribution 4.0 International License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Included in

Economics Commons

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