Disaster on the Horizon: The Price Effect of Sea Level Rise

@article{Bernstein2018DisasterOT,
  title={Disaster on the Horizon: The Price Effect of Sea Level Rise},
  author={A. Bernstein and Matthew Gustafson and R. Lewis},
  journal={Econometric Modeling: Microeconometric Studies of Health},
  year={2018}
}
  • A. Bernstein, Matthew Gustafson, R. Lewis
  • Published 2018
  • Economics
  • Econometric Modeling: Microeconometric Studies of Health
  • Abstract Homes exposed to sea level rise (SLR) sell for approximately 7% less than observably equivalent unexposed properties equidistant from the beach. This discount has grown over time and is driven by sophisticated buyers and communities worried about global warming. Consistent with causal identification of long-horizon SLR costs, we find no relation between SLR exposure and rental rates and a 4% discount among properties not projected to be flooded for almost a century. Our findings… CONTINUE READING
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