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Journal Article
Housing policy and the social benefits of home ownership.
In the second article, "Housing Policy and the Social Benefits of Homeownership," Ed Coulson states that the major subsidies to homeownership arise from the U.S. tax code, and the costs of these subsidies are high. Coulson asks whether the social benefits from homeownership are sufficient to warrant such subsidies. To answer the question, he reviews the research on the social benefits of ownership and some related issues. The evidence indicates that homeownership does carry substantial social benefits, but their dollar value remains uncertain.
Working Paper
Compensating differentials and the social benefits of the NFL
The authors use hedonic rent and wage equations to measure the compensating differentials that obtain in central cities with franchises of the National Football League. They use repeated observations of cities over time and thereby obtain identification of the NFL effect through franchise expansion and movement. The authors find that rents are roughly 8 percent higher and wages are 4 percent lower in cities with franchises, though the latter of these two effects is not significant. Thus, professional sports franchises appear to be a public good by adding to the quality-of-life in cities. The ...
Journal Article
Should cities be ready for some football? Assessing the social benefits of hosting an NFL team
This article tackles the question: Are large public expenditures on new stadiums a good investment for cities? Although public subsidies for professional sports teams are controversial, the answer to our question may well be yes. In this article, Jerry Carlino and visiting scholar Ed Coulson from Penn State report the results of their 2003 study: When quality-of-life benefits are included in the calculation, building new stadiums and hosting an NFL franchise may indeed be a good deal for cities and their residents.