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The Value of Piped Water and Sewers: Evidence from 19th Century Chicago / Michael Coury, Toru Kitagawa, Allison Shertzer, Matthew Turner.
- Format:
- Book
- Author/Creator:
- Coury, Michael.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29718.
- NBER working paper series no. w29718
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2022.
- Summary:
- We estimate the impact of piped water and sewers on property values in late-19th century Chicago. The cost of sewer construction depends sensitively on imperceptible variation in elevation, and such variation delays water and sewer service to part of the city. This delay provides quasi-random variation for causal estimates. We extrapolate ATE estimates from our natural experiment to the area treated with water and sewer service during 1874-1880 using a new estimator. Water and sewer access increases property values by more than a factor of two. This exceeds costs by about a factor of 60.
- Notes:
- Print version record
- February 2022.
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