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
Repository Citation
Cerrato Caceres, Belkis and Geoghegan, Jacqueline, "Effects of New Grocery Store Development on Inner-City Neighborhood Residential Prices" (2017). Economics. 73.
https://commons.clarku.edu/faculty_economics/73
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Copyright Conditions
Caceres, B. C., & Geoghegan, J. (2017). Effects of new grocery store development on inner-city neighborhood residential prices. Agricultural and Resource Economics Review, 46(1), 87-102.