Loss in the time of cholera: Long-run impact of a disease epidemic on the urban landscape
Publication
, Journal Article
Ambrus, A; Field, E; Gonzalez, R
Published in: American Economic Review
January 1, 2020
How do geographically concentrated income shocks influence the long-run spatial distribution of poverty within a city? We examine the impact on housing prices of a cholera epidemic in one neighborhood of nineteenth century London. Ten years after the epidemic, housing prices are significantly lower just inside the catchment area of the water pump that transmitted the disease. Moreover, differences in housing prices persist over the following 160 years. We make sense of these patterns by building a model of a rental market with frictions in which poor tenants exert a negative externality on their neighbors. This showcases how a locally concentrated income shock can persistently change the tenant composition of a block.
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Published In
American Economic Review
DOI
EISSN
1944-7981
ISSN
0002-8282
Publication Date
January 1, 2020
Volume
110
Issue
2
Start / End Page
475 / 525
Related Subject Headings
- Economics
- 38 Economics
- 35 Commerce, management, tourism and services
- 15 Commerce, Management, Tourism and Services
- 14 Economics
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Ambrus, A., Field, E., & Gonzalez, R. (2020). Loss in the time of cholera: Long-run impact of a disease epidemic on the urban landscape. American Economic Review, 110(2), 475–525. https://doi.org/10.1257/aer.20190759
Ambrus, A., E. Field, and R. Gonzalez. “Loss in the time of cholera: Long-run impact of a disease epidemic on the urban landscape.” American Economic Review 110, no. 2 (January 1, 2020): 475–525. https://doi.org/10.1257/aer.20190759.
Ambrus A, Field E, Gonzalez R. Loss in the time of cholera: Long-run impact of a disease epidemic on the urban landscape. American Economic Review. 2020 Jan 1;110(2):475–525.
Ambrus, A., et al. “Loss in the time of cholera: Long-run impact of a disease epidemic on the urban landscape.” American Economic Review, vol. 110, no. 2, Jan. 2020, pp. 475–525. Scopus, doi:10.1257/aer.20190759.
Ambrus A, Field E, Gonzalez R. Loss in the time of cholera: Long-run impact of a disease epidemic on the urban landscape. American Economic Review. 2020 Jan 1;110(2):475–525.
Published In
American Economic Review
DOI
EISSN
1944-7981
ISSN
0002-8282
Publication Date
January 1, 2020
Volume
110
Issue
2
Start / End Page
475 / 525
Related Subject Headings
- Economics
- 38 Economics
- 35 Commerce, management, tourism and services
- 15 Commerce, Management, Tourism and Services
- 14 Economics