TY - JOUR
T1 - Environmental health risks and housing values
T2 - Evidence from 1,600 toxic plant openings and closings
AU - Currie, Janet
AU - Davis, Lucas
AU - Greenstone, Michael
AU - Reed, Walker
PY - 2015/2/1
Y1 - 2015/2/1
N2 - 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.
AB - 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.
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U2 - 10.1257/aer.20121656
DO - 10.1257/aer.20121656
M3 - Article
C2 - 27134284
AN - SCOPUS:84922224351
SN - 0002-8282
VL - 105
SP - 678
EP - 709
JO - American Economic Review
JF - American Economic Review
IS - 2
ER -