TY  - JOUR
AU  - Collins,William J.
AU  - Margo,Robert A.
TI  - The Economic Aftermath of the 1960s Riots: Evidence from Property Values
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 10493
PY  - 2004
Y2  - May 2004
UR  - http://www.nber.org/papers/w10493
L1  - http://www.nber.org/papers/w10493.pdf
N1  - Author contact info:
William J. Collins
Department of Economics
Vanderbilt University
VU Station B #351819
2301 Vanderbilt Place
Nashville, TN 37235-1819
Tel: 615/322-3428
Fax: NA
E-Mail: william.collins@vanderbilt.edu

Robert A. Margo
Department of Economics
Boston University
270 Bay State Road
Boston, MA 02215
Tel: 617/353-6819
Fax: 617/343-8495
E-Mail: margora@bu.edu
AB  - In the 1960s numerous cities in the United States experienced violent, race-related civil disturbances. Although social scientists have long studied the causes of the riots, the consequences have received much less attention. This paper 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 ordinary least squares and two-stage least squares 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. Analysis of household-level data suggests that the racial gap in the value of property widened in riot-afflicted cities during the 1970s.
ER  -