The New Deal, Race, and Home Ownership in the 1920s and 1930s | Zendy

Trevor Kollmann | Zendy; Price Fishback | Zendy

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The New Deal, Race, and Home Ownership in the 1920s and 1930s

Author(s) -

Trevor Kollmann,

Price Fishback

Publication year - 2011

Publication title -

american economic review

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 16.936

H-Index - 297

eISSN - 1944-7981

pISSN - 0002-8282

DOI - 10.1257/aer.101.3.366

Subject(s) - nonfarm payrolls , loan , government (linguistics) , economics , state (computer science) , public policy , payment , mortgage insurance , race (biology) , finance , labour economics , insurance policy , economic growth , general insurance , agriculture , sociology , gender studies , ecology , linguistics , philosophy , algorithm , computer science , biology

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.

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