American Economic Review
ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)
The New Deal, Race, and Home Ownership in the 1920s and 1930s
American Economic Review
vol. 101,
no. 3, May 2011
(pp. 366–70)
Abstract
Many federal government housing policies began during the New Deal of the 1930s. Many claim that minorities benefited less from these policies than whites. We estimate the relationships between policies in the 1920s and 1930s and black and white home ownership in farm and nonfarm settings using a pseudo-panel of repeated cross-sections of households in 1920, 1930, and 1940 matched with policy measures in 460 state economic areas. The policies examined include FHA mortgage insurance, HOLC loan refinancing, state mortgage moratoria, farm loan programs, public housing, public works and relief, and payments to farmers to take land out of production.Citation
Kollmann, Trevor M., and Price V. Fishback. 2011. "The New Deal, Race, and Home Ownership in the 1920s and 1930s." American Economic Review, 101 (3): 366–70. DOI: 10.1257/aer.101.3.366Additional Materials
JEL Classification
- G21 Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- J15 Economics of Minorities and Races; Non-labor Discrimination
- N32 Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy: U.S.; Canada: 1913-
- N42 Economic History: Government, War, Law, International Relations, and Regulation: U.S.; Canada: 1913-
- N92 Regional and Urban History: U.S.; Canada: 1913-
- R31 Housing Supply and Markets
- R38 Production Analysis and Firm Location: Government Policies; Regulatory Policies