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

Authors :
Kim, Geon
Source :
Economic Development Quarterly; May2024, Vol. 38 Issue 2, p82-99, 18p
Publication Year :
2024

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. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
08912424
Volume :
38
Issue :
2
Database :
Complementary Index
Journal :
Economic Development Quarterly
Publication Type :
Academic Journal
Accession number :
176464832
Full Text :
https://doi.org/10.1177/08912424231217695