KDI 경제정보센터

Research by Jeffrey P. Cohen, Nicholas Lownes and Bo Zhang offers insight into what happened to house prices within Hartford neighborhoods close to I-84 when the highway first arrived. The authors do this by comparing home values in the 1940 U.S. census to the values of those homes when they were subsequently sold in the 1960s, after the highway was factored into house prices. Generally, the closer the house was to the highway, the higher the home value increased. Because significant barriers to homeownership existed for Black residents of Hartford, they were consequently cut off from this meaningful source of wealth accumulation.