The Housing Market Impacts of Shale Gas Development
- (pp. 3633-59)
(Complimentary)
Abstract
Using data from Pennsylvania and an array of empirical techniques to control for confounding factors, we recover hedonic estimates of property value impacts from nearby shale gas development that vary with water source, well productivity, and visibility. Results indicate large negative impacts on nearby groundwater-dependent homes, while piped-water-dependent homes exhibit smaller positive impacts, suggesting benefits from lease payments. Results have implications for the debate over regulation of shale gas development. (JEL L71, Q35, Q53, R31)Citation
Muehlenbachs, Lucija, Elisheba Spiller, and Christopher Timmins. 2015. "The Housing Market Impacts of Shale Gas Development." American Economic Review, 105 (12): 3633-59. DOI: 10.1257/aer.20140079Additional Materials
JEL Classification
- L71 Mining, Extraction, and Refining: Hydrocarbon Fuels
- Q35 Hydrocarbon Resources
- Q53 Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
- R31 Housing Supply and Markets