The Effect of Power Plants on Local Housing Values and Rents
نویسنده
چکیده
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 two miles of plants experienced 3-7 percent decreases in housing values and rents with some evidence of larger decreases within one 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 of homes that is owner occupied.
منابع مشابه
The Effect of Power Plants on Local Housing Values and Rents: Evidence from Restricted Census Microdata
Current trends in electricity consumption imply that hundreds of new fossil-fuel power plants will be built in the United States over the next several decades. Power plant siting has become increasingly contentious, in part because power plants are a source of numerous negative local externalities including elevated levels of air pollution, haze, noise and traffic. Policymakers attempt to take ...
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