Journal Article
1960s Interstate Highways and Homeowner Wealth Distribution
Cohen, Jeffrey P.; Lownes, Nicholas; Zhang, Bo (2022-10-21)
This article studies house-level real estate wealth distribution changes nearby a major interstate highway, comparing values before the announcement of the highway's construction (1940) with those during and shortly after the construction period (1961-74). We also develop Lorenz curves to examine the distribution of housing wealth among various demographic groups of homeowners. First, we find that properties at least a half-mile away from I-84 experienced statistically significant appreciation (on average). Houses further away, in 0.25 mile increments up to 1.25 miles, appreciated less. Our ...
Review , Volume 104 , Issue 4 , Pages 317-336

Essay
Arrival of Interstate Highway System Brought Housing Wealth, but to Whom?
Cohen, Jeffrey P.; Ricketts, Lowell R. (2022-05-10)
Interstate highways increased household wealth through higher house values, but racial inequities in homeownership meant few residents of color reaped these gains.
Economic Equity Insights