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| The Effect of School Desegregation
Decisions on Single-Family Housing Prices Author: Richard D. Evans and William Rayburn Start Page: 207 Abstract: Mean price per square
foot for single-family residences is computed monthly in two adjacent areas of Memphis,
Tennessee, for 180 months. The ratio of the mean prices reflects the time patterns of
differential impacts of school desegregation events on the neighborhoods that had
different racial characteristics. That ratio appears to be a stochastic process described
by an ARIMA (1,1,3) (0,0,1) model, interrupted by four events: the Shelby County School
segregation guilty decision in August 1971, the Memphis City School segregation guilty
decision in December 1971, the implementation of the city's "Plan A" limited
busing in January 1973, and the switch to massive bussing under "Plan Z" in that
December. |
