BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Vancouver School of Economics//NONSGML Events//EN CALSCALE:GREGORIAN X-ORIGINAL-URL:https://economics.ubc.ca/events/event/ X-WR-CALDESC:Vancouver School of Economics - Events BEGIN:VEVENT UID:20230225T2157Z-1677362272.8263-EO-30885-38@10.19.146.14 STATUS:CONFIRMED DTSTAMP:20260817T095830Z CREATED:20230222T235743Z LAST-MODIFIED:20230307T190023Z DTSTART;TZID=America/Vancouver:20230327T153000 DTEND;TZID=America/Vancouver:20230327T170000 SUMMARY: Jeffrey Lin\, Philadelphia Fed (Trade Seminar) DESCRIPTION: Title: Expecting an Expressway. Abstract: We provide theory an d evidence on the role of self-fulfilling expectations in determining urban spatial structure. In U.S. central cities\, highways had net negative loca l effects on neighborhoods by reducing quality of life. Highway builders en joyed widespread support and few constraints as they planned urban Intersta tes in the mid-1950s. But […] X-ALT-DESC;FMTTYPE=text/html:

Title: Expecting an Expressway.

Abst ract:
We provide theory and evidence on the role of self-fulfilling ex pectations in determining urban spatial structure. In U.S. central cities\, highways had net negative local effects on neighborhoods by reducing quali ty of life. Highway builders enjoyed widespread support and few constraints as they planned urban Interstates in the mid-1950s. But federal and state reforms led to the cancellation of some highway projects and their dependen t segments\, especially after 1973. Planned---but never constructed---urban Interstate segments caused neighborhood declines through 1970\, and these declines persisted for decades afterwards\, despite plan cancellation. Thes e results are consistent with forward-looking behavior and strong externali ties in residential location choice.

LOCATION:IONA 533 GEO:49.260872;-123.113952 URL;VALUE=URI:https://economics.ubc.ca/events/event/jeffrey-lin-philadelphi a-fed-trade-seminar/ END:VEVENT BEGIN:VTIMEZONE TZID:America/Vancouver BEGIN:DAYLIGHT TZOFFSETFROM:-0800 TZOFFSETTO:-0700 DTSTART:20230312T100000 TZNAME:PDT END:DAYLIGHT END:VTIMEZONE END:VCALENDAR