I was working at Glasgow Uni @UofGUrbStudies at the time of the Glasgow Stock Transfer (GST). It seemed an eminently sensible idea back then, releasing an astonishing £4bn of public funds for social housing renov. 1/7
But there was always a degree of controversy which remains even now -- e.g. this recent blog (livingrent.org/glasgow_stock_…) claiming GST = privatisation by stealth. Others argued that more could have been achieved with £4bn, perhaps more targetted skills training & job creation.
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Our focus in this paper is on whether the £4bn created new jobs, especially for soc.housing tenants. A lot of hrs of work was generated for sure. But did social housing tenants benefit from higher empt? Did anyone benefit? Or did the GST simply displace existing jobs?
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Surprisingly, there hasn't previously been a robust analysis of the employment impacts of the GST using methods that can reliably identify the causal impact of the policy. This is surprising because it's ripe for analysis: a massive £4bn investment in a specific geog area...
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So this is the knowledge gap we tried to plug. We used a quasi-experimental design applied to a longitudinal geocoded database of inviduals.
RESULTS: We found that the GST did have a positive effect on employment. But not for social housing tenants.
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Some will say that our findings are not surprising: GST was never intended to boost employment among social renters.
But, looking the scheme now, it's seems odd that this wasn't a key objective of GST.
But then, hindsight is a wonderful thing...
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Our findings also have implications for current policy.
E.g. Scotland’s ongoing policy of new home building: 30,000 units built between 2011-2016. Could/should such initiatives be allied with training schemes to boost empt & employability for the socially disadvantaged?
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Our new paper on the employment impacts of immigration is just out in Urban Studies: bit.ly/35iBgt7 with @DanOlner & B.Fingleton. I guess it’s not a great day to have a paper published! But our findings do have relevance for the next phase of Brexit in 2 ways:
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(i) we find strong evidence of net +ive impact of EU migrants on employment. Corollary: provides an imperative for Boris’s proposed points-based immigration system to take this into account? @jdportes@MigObs
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(ii) We develop a robust way of estimating the local employment impacts of immigration, previously not possible. Applied to London as proof-of-concept. Corollary: Opens up possibility estimating sub-national variations in the impacts of immigration on employment.
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