Disparities in Pollution Capitalization Rates: The Role of Direct and Systemic Discrimination / Joshua S. Graff Zivin, Gregor Singer.

Format:

Book

Author/Creator:

Graff Zivin, Joshua S.

Contributor:

National Bureau of Economic Research.

Singer, Gregor.

Series:

Working Paper Series (National Bureau of Economic Research) no. w30814.

NBER working paper series no. w30814

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2022.

Summary:

We examine how exogenous changes in exposure to air pollution over the past two decades have altered the disparities in home values between Black and White homeowners. We find that air quality capitalization rates are significantly lower for Black homeowners. In fact, they are so much lower that, despite secular reductions in the Black-White pollution exposure gap, disparities in housing values have increased during this period. An exploration of mechanisms suggests that roughly one-quarter of this difference is the result of direct discrimination while the remaining three-quarters can be attributed to systemic discrimination through differential access to complementary amenities.

Notes:

Print version record

December 2022.