Jump, Robert Calvert ORCID: https://orcid.org/0000-0002-2967-512X and Scavette, Adam (2024) JUE Insight: the labor market effects of place-based policies: evidence from England’s Neighbourhood Renewal Fund. Journal of Urban Economics, 144:103690. ISSN 0094-1190 (Print), 1095-9068 (Online) (doi:10.1016/j.jue.2024.103690)

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Abstract

Neighborhood renewal programs are a type of place-based policy that aim to revive underperforming localities. The literature on place-based policies has found mixed results regarding their effects on local labor market outcomes, but there are relatively few studies of policies that aim to improve local labor supply. In this paper we exam ine the labor market effects of the Neighbourhood Renewal Fund, which targeted 88
of the most deprived areas in England during the early 2000s as part of the Labour government’s National Strategy for Neighbourhood Renewal. The fund disbursed almost £3 billion for spending on community safety, education, healthcare and worklessness, with supply-side interventions making up the bulk of the program’s spending on worklessness. Using a difference-in-differences approach, we find statistically significant impacts on local employment. Our results suggest that policy interventions to improve local labor supply can be a successful strategy for neighborhood renewal.

Item Type:	Article
Uncontrolled Keywords:	place-based policies, urban economics, labor supply, employment
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HJ Public Finance H Social Sciences > HT Communities. Classes. Races
Faculty / School / Research Centre / Research Group:	Greenwich Business School Greenwich Business School > Political Economy, Governance, Finance and Accountability (PEGFA) Greenwich Business School > School of Accounting, Finance and Economics
Last Modified:	08 Oct 2024 14:45
URI:	http://gala.gre.ac.uk/id/eprint/48196

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