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|Abstract:||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.|
|Citation:||Currie, Janet, Davis, Lucas, Greenstone, Michael, Walker, Reed. (2015). Environmental Health Risks and Housing Values: Evidence from 1,600 Toxic Plant Openings and Closings. American Economic Review, 105 (2), 678 - 709. doi:10.1257/aer.20121656|
|Pages:||678 - 709|
|Type of Material:||Journal Article|
|Journal/Proceeding Title:||American Economic Review|
|Version:||Final published version. Article is made available in OAR by the publisher's permission or policy.|
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