Tag Archives: Capital Investment

Quasi-Experimental Evidence on The Connection Between Property Taxes and Residential Capital Investment

From Byron Lutz: Do low property taxes attract residential capital investment? This question is answered using an unusual school finance reform in the state of New Hampshire. The reform induced large shifts in property tax burdens and this shock is used … Continue reading

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When the Levee Breaks: Black Migration and Economic Development in the American South

From Richard Hornbeck and Suresh Naidu: In the American South, post-bellum economic development may have been restricted in part by white landowners’ access to low-wage black labor. This paper examines the impact of the Great Mississippi Flood of 1927 on black … Continue reading

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