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作者

Matthew Freedman;Shantanu Khanna;David Neumark

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.133,P.

语言

英文

关键字

Opportunity Zones;Place-Based Policies;Tax Incentives;Employment;Poverty;H25;J23;J38;R12;R38

作者单位

University of California, Irvine;University of California, Irvine

摘要

The Opportunity Zone program, created by the Tax Cuts and Jobs Act in 2017, was designed to encourage investment in distressed communities across the U.S. We examine the early impacts (up to one-and-a-half years after enactment) of the Opportunity Zone program on residents of targeted areas. We leverage restricted-access microdata from the American Community Survey and employ a matching approach to estimate causal effects of Opportunity Zone designation. Our results point to little or no evidence of positive effects of the Opportunity Zone program on the employment, earnings, or poverty of zone residents.