Returns to Political Contributions in Local Housing Markets
地方住房市场中的政治捐款回报AI 解读 ↓
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AI 根据所提供的论文材料归类:摘要明确采用回归不连续设计研究政治联系对住房市场结果的影响。
地方住房市场中的政治捐款回报AI 解读 ↓
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Abstract This paper examines how politically connected firms shape housing supply in U.S. cities. Using new data on campaign donations to U.S. mayors and a regression discontinuity design, I present three findings. First, developers connected to the mayor sell more new housing units. Second, more sales of new housing by connected developers coincide with higher local housing supply: cities where mayors received more developer donations issue nearly 70 percent more permits for new housing units. Third, differences in mayors’ pre-existing policy stances—rather than connections to developers—is a quantitatively larger determinant of local housing supply.