Environmental Health Risks and Housing Values: Evidence from 1,600 Toxic Plant Openings and Closings

• 成果类型: Article
• 署名作者: Currie, Janet; Davis, Lucas; Greenstone, Michael; Walker, Reed
• 署名单位: Princeton University; University of California System; University of California Berkeley; University of Chicago
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20121656
• 发表日期: 2015
• 页码: 678-709
• 关键词: RELEASE INVENTORY; pm(10) pollution; property-values; air-pollution; MARKET; birth; mortality; inference; IMPACT; wages

摘要

Regulatory oversight of toxic emissions from industrial plants and understanding about these emissions' impacts are in their infancy. Applying a research design based on the openings and closings of 1,600 industrial plants to rich data on housing markets and infant health, we find that: toxic air emissions affect air quality only within 1 mile of the plant; plant openings lead to 11 percent declines in housing values within 0.5 mile or a loss of about $4.25 million for these households; and a plant's operation is associated with a roughly 3 percent increase in the probability of low birthweight within 1 mile.