The DOI matches its Crossref record; 51 of the 51 references it cites were found in a registry or an index.
Does Air Quality Matter? Evidence from the Housing Market
Open accessAbstract
We exploit the structure of the Clean Air Act to provide new evidence on the capitalization of total suspended particulates (TSPs) air pollution into housing values. This legislation imposes strict regulations on polluters in “nonattainment” counties, which are defined by concentrations of TSPs that exceed a federally set ceiling. TSPs nonattainment status is associated with large reductions in TSPs pollution and increases in county-level housing prices. When nonattainment status is used as an instrumental variable for TSPs, we find that the elasticity of housing values with respect to particulates concentrations ranges from 0.20 to 0.35. These estimates of the average marginal willingness to pay for clean air are robust to quasi-experimental regression discontinuity and matching specification tests. Further, they are far less sensitive to model specification than cross-sectional and fixed-effects estimates, which occasionally have the “perverse” sign. We also find modest evidence that the marginal benefit of reductions of TSPs is lower in communities with relatively high pollution levels,
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Wages, Rents, and the Quality of Life
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Bayesian inference for causal effects: The role of randomization
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The Measurement of Environmental and Resource Values
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Recent Developments in the Econometrics of Program Evaluation
Imbens, G. W., & Wooldridge, J. M. (2009) · Journal of Economic Literature · doi:10.1257/jel.47.1.5 · Cited by 4,926
Greenstone, M. (2002) · Journal of Political Economy · doi:10.1086/342808 · Cited by 1,122
Self-citationRegression Discontinuity Designs: A Guide to Practice
Imbens, G., & Lemieux, T. (2007) · National Bureau of Economic Research · doi:10.3386/w13039 · Cited by 853
Brock, W. A., & Taylor, M. S. (2010) · Journal of Economic Growth · doi:10.1007/s10887-010-9051-0 · Cited by 730
Healthy, wealthy, and wise? Tests for direct causal paths between health and socioeconomic status
Adams, P., Hurd, M. D., McFadden, D., Merrill, A., & Ribeiro, T. (2003) · Journal of Econometrics · doi:10.1016/s0304-4076(02)00145-8 · Cited by 709
Metadata
- Authors
- Chay, K., & Greenstone, M.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 1998-12
- OpenAlex
- W3123396988
- Cited by
- 675
- References
- 51
- Type
- report
- Language
- en
- Open access
- green
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