THE EFFECT OF POWER PLANTS ON LOCAL HOUSING VALUES AND RENTS

被引:140
作者
Davis, Lucas W. [1 ]
机构
[1] Natl Bur Econ Res, Cambridge, MA 02138 USA
关键词
RESIDENTIAL PROPERTY-VALUES; AIR-POLLUTION; MARKET; MODEL; EMISSIONS; BENEFITS; QUALITY; HEALTH; MATTER;
D O I
10.1162/REST_a_00119
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper uses restricted census microdata to examine housing values and rents for neighborhoods in the United States where power plants were opened during the 1990s. Compared to neighborhoods with similar housing and demographic characteristics, neighborhoods within 2 miles of plants experienced 3%-7% decreases in housing values and rents, with some evidence of larger decreases within 1 mile and for large-capacity plants. In addition, there is evidence of taste-based sorting, with neighborhoods near plants associated with modest but statistically significant decreases in mean household income, educational attainment, and the proportion owner-occupied.
引用
收藏
页码:1391 / 1402
页数:12
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