Antoine Goujard

Email: antoine.goujard***at***oecd.org
Email: antoine.goujard***at***gmail.com
[picture]
Research papers | OECD working papers | CV (pdf) | Past teaching | London School of Economics

Research interests
Public Finance, Public Policy and Applied econometrics.

Research papers | Published papers

1. The spillovers from social housing, evidence from housing prices [Job Market Paper]

I investigate the impact of social housing on the sales price of neighboring flats in Paris. I construct a unique dataset including flat sales and social housing projects at the building level. To account for endogenous placement of social housing projects, I use a difference-in-differences strategy that includes fine geographical controls and trending unobservables. In my preferred specifications which control for building fixed effects, a particular spatial pattern emerges: a 10 percentage points increase in the social housing share implies a 1.2% increase in housing value within a radius of 50 meters. However, private properties located farther away from the social projects within a 350 to 500 meter belt experience price decrease by 5.5%. The positive effects appear more important for small dwellings and for properties located in poor neighborhoods while negative impacts dominate in high income neighborhoods and for family dwellings. Further estimates exploit the unexpected win of a left-wing mayor in Paris, which was followed by a sharp increase in social housing units driven by the direct conversion of private rental flats into social units without any accompanying rehabilitation. This natural experiment allows to identify the impact of the inflow into the neighborhood of low income tenants, separately from the effects of social housing on the quality of the existing housing stock. I do not find evidence of a positive impact of the conversion projects on housing prices.

2. Social housing location and labor market outcomes, quasi-experimental evidence from Paris [Draft]

I investigate the effects of neighborhood on the labor market outcomes of poor households. I construct a longitudinal data set from the administrative records of welfare recipients in the city of Paris from 2001 to 2007. I observe the relocation of welfare recipients through the selection process of social housing applicants. The institutional process acts as a conditional randomization device across residential areas in Paris. I measure the impact of location characteristics on future labor market outcomes. I find that -(i) successful applicants tend to relocate in the vicinity of their initial neighborhoods; -(ii) the quality of neighborhood matters for the job finding rate of poor households; -(iii) such effect is stronger for households with children and single women; -(iv) most of the positive effect is driven by unstable jobs that do not allow the individuals to exit the welfare program. These estimates outline that neighborhoods have weak short- and medium-run effects on the economic self-sufficiency of poor households.


Published papers

In English (book chapter)
2010, with Barbara Petrongolo and John Van Reenen, The Labour Market for Young People in The Labour Market in Winter: The State of Working Britain, Oxford University Press (chapter 3).

In English (OECD working papers)
2012, with Rudiger Ahrend and Cyrille Schwellnus, International Capital Mobility: Which Structural Policies Reduce Financial Fragility?, OECD Economic Policy Papers 2.
2012, with Rudiger Ahrend, Are all Forms of Financial Integration Equally Risky in Times of Financial Turmoil?: Asset Price Contagion During the Global Financial, OECD Economics Department Working Papers 969.
2012, with Rudiger Ahrend, How Do Structural Policies Affect Financial Crisis Risk?: Evidence from Past Crises Across OECD and Emerging Economies, OECD Economics Department Working Papers 966.
2011, with Rudiger Ahrend, Drivers of Systemic Banking Crises: The Role of Bank-Balance-Sheet Contagion and Financial Account Structure, OECD Economics Department Working Papers 902.

In French (peer reviewed)
2010, with Yannick L'Horty, La définition des zones témoins pour l'expérimentation du revenu de solidarité active, Revue Française des Affaires Sociales, DREES. (summary)
2010, with Emmanuel Duguet, Yannick L'Horty and Florent Sari, Elaborer un diagnostic territorial à partir de sources administratives exhaustives: une application en Languedoc-Roussillon, Revue d'Economie Régionale et Urbaine. (summary)
2009, with Emmanuel Duguet and Yannick L'Horty, Les inégalités territoriales d'accès à l'emploi : une exploration à partir de sources administratives exhaustives, Economie et Statistique, INSEE, featured in Alternatives Economiques. (final version)
2008, Les disparités locales d'insertion des bénéficiaires du RMI, Recherches et Prévisions, CNAF, dossier Minima Sociaux.

In French (public research reports)
2008, Annexe 1 : Evaluation de l'expérimentation du rSa, une comparaison des zones tests et témoins avant expérimentation, for the HCSA - Comité d'Evaluation des expérimentations.
Also in F. Bourguignon, 2009, Rapport final sur l'évaluation des expérimentations rSa.
2008, with Yannick L'Horty, Définition des zones témoins pour l'expérimentation du revenu de solidarité active (rSa), for the HCSA.
2007, with Emmanuel Duguet and Yannick L'Horty, Sortir du chômage et du RMI à Paris, for the APUR.
2006, with Emmanuel Duguet and Yannick L'Horty, Les disparités locales du retour à l'emploi, for the CERC.

In French (others)
2006, with Emmanuel Duguet and Yannick L'Horty, Les disparités locales du retour à l'emploi, in Transitions professionnelles et risques, Actes des XIIIèmes journées d'étude sur les données longitudinales dans l'analyse du marché du travail. Relief .15, Echanges du Cereq, juin.
2006, with Emmanuel Duguet and Yannick L'Horty, Retour à l'emploi : une question locale ?, Connaissance de l'Emploi, 31, juin.


Teaching/Classes

2009-2011, EC475, Quantitative Economics - Advanced Panel Data Analysis (LSE).
Course webpage: EC475 and Moodle (EC475).
Optional material: additional optional material (2009-2010) for the classes.
Syllabus: 2010/2011 and 2009/2010.

2009-2011, EC402, Methods of Economic Investigation - Econometrics (LSE).
Course webpage: EC402 and Moodle (EC402).
Optional material: additional optional material for the classes.
Syllabus: Econometrics, Panel Data, Time Series.

2010-2011, Economics of Tax policy (UCL).
Course webpage: ECON7008 and Moodle.
Syllabus: 2010/2011.

2009-2011, EC400, September Introductory Course, Probability and Statistics (LSE).
Course webpage: EC400 and Moodle (EC400).
Optional material: additional optional material for the classes.
Syllabus: 2010/2011.

2009-2010, ECON2007, Quantitative Economics and Econometrics (UCL).
Course webpage: ECON2007 and Moodle protected material.
Optional material: additional optional material for the classes.
Syllabus: 2009/2010.

2006-2009, EC220, Introduction to Econometrics (LSE).
Course webpage: EC220
Optional material: additional optional material (2008-2009) for the classes.
Syllabus: 2010/2011.

Last updated 10/2010.
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