오는 4월 29일 (수)에 예정된 수요세미나 일정을 안내드립니다.
- 일시 및 장소: 2025년 4월 29일 (수) 12:00 - 13:00, 다산경제관 32210호
- 발표자: 김소영 박사과정 (University of Rochester)
- 논문 제목: Inclusionary Zoning and Access to Opportunity: Evidence from Washington, D.C.
- 초록: Neighborhoods shape economic opportunity, yet access to high-opportunity areas remains limited. Can cities expand access at scale without discouraging development or triggering displacement? I study inclusionary zoning (IZ), a policy that requires developers to provide affordable units within new residential projects, typically in exchange for density bonuses. Using fine-scale panel data from Washington, D.C., I exploit variation in the timing of IZ project completions in a stacked event-study design. I find that IZ developments increase in-migration from both low- and high-income neighborhoods, with little evidence of displacement. Rents decline, and local amenities expand following development. To evaluate citywide effects, I develop and estimate a spatial equilibrium model with household sorting, endogenous amenities, and developer supply decisions. The model quantifies how IZ affects access to high-opportunity neighborhoods, housing supply, affordability, and residential sorting, and evaluates alternative policy designs.
