Environmental Health Risks and Housing Values: Evidence from 1,600 Toxic Plant Openings and Closings.

  title={Environmental Health Risks and Housing Values: Evidence from 1,600 Toxic Plant Openings and Closings.},
  author={Janet M. Currie and Lucas W Davis and Michael Greenstone and Reed Walker},
  journal={The American economic review},
  volume={105 2},
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… CONTINUE READING
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