000			01329nam a22001577a 4500
999			_c514214 _d514214
008			201014b ||||| |||| 00| 0 eng d
100			_aAmbrus, Attila, Field, Erica and Gonzalez Robert _918658
245			_aLoss in the time of cholera: long-run impact of a disease epidemic on the urban landscape
260			_aThe American Economic Review
300			_a110(2), Feb, 2020: p.475-525
520			_aHow 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. – Reproduced
650			_aEconomic development, Transportation, Housing supply and markets _918632
773			_aThe American Economic Review
906			_aHOUSING
942			_cAR