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Pinchbeck, E., Roth, S., Szumilo, N. et al. (1 more author) (2023) The price of indoor air pollution: evidence from risk maps and the housing market. Journal of the Association of Environmental and Resource Economists, 10 (6). pp. 1439-1473. ISSN 2333-5955
Abstract
This study uses the housing market to examine the costs of indoor air pollution. We focus on radon, a common indoor air pollutant which is the leading cause of lung cancer after smoking. For identification, we exploit a natural experiment whereby a risk map update in England induces exogenous variation in published pollution risk levels. We find a significant negative relationship between changes in published pollution risk levels and residential property prices. Interestingly, we do not find a symmetric effect for decreasing risk. We also show that the update of the risk map led higher socioeconomic groups (SEGs) to move away from affected areas, attracting lower SEG residents via lower prices. Overall, our results demonstrate that indoor air quality has material economic effects on the housing market and provide novel policy-relevant insights into how the market responds to information on environmental risks.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2023 The Association of Environmental and Resource Economists. This is an author-produced version of a paper subsequently published in Journal of the Association of Environmental and Resource Economists. Uploaded in accordance with the publisher's self-archiving policy. This version is distributed under the terms of the Creative Commons Attribution-NonCommercial Licence (http://creativecommons.org/licenses/by-nc/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. You may not use the material for commercial purposes. |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 20 Mar 2023 16:55 |
Last Modified: | 11 Sep 2024 00:13 |
Status: | Published |
Publisher: | University of Chicago Press |
Refereed: | Yes |
Identification Number: | 10.1086/725028 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:197482 |
Available Versions of this Item
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The price of indoor air pollution : evidence from radon maps and the housing market. (deposited 26 Jan 2021 11:48)
- The price of indoor air pollution: evidence from risk maps and the housing market. (deposited 20 Mar 2023 16:55) [Currently Displayed]
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