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The Economic Aftermath of the 1960s Riots in American Cities: Evidence from Property Values

William J. Collins and Robert A. Margo
The Journal of Economic History
Vol. 67, No. 4 (Dec., 2007), pp. 849-883
Stable URL: http://www.jstor.org/stable/40056402
Page Count: 35
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
The Economic Aftermath of the 1960s Riots in American Cities: Evidence from Property Values
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Abstract

In the 1960s many American cities experienced violent, race-related civil disturbances. This article examines census data from 1950 to 1980 to measure the riots' impact on the value of central-city residential property, and especially on black-owned property. Both OLS and IV estimates indicate that the riots depressed the median value of black-owned property between 1960 and 1970, with little or no rebound in the 1970s. Census tract data for a small number of cities suggest relative losses of population and property value in tracts that were directly affected by riots compared to other tracts in the same cities.

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