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The Coal Transition and Its Implications for Health and Housing Values / Rebecca Fraenkel, Joshua S. Graff Zivin, Sam D. Krumholz.
- Format:
- Book
- Author/Creator:
- Fraenkel, Rebecca.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w30801.
- NBER working paper series no. w30801
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2022.
- Summary:
- During the past fifteen years, more than 30% of US coal plants have had at least one coal-fired generator close. We utilize this natural experiment to estimate the effect of coal plant exposure on mortality and house values. Using a difference-in-differences design, we find that, despite the fact that most of this coal generation is replaced with natural gas generation, individuals in counties whose population centroid is within 30 miles of a plant that closes at least one coal-fired unit experience large health effects following shutdown. While these health improvements appear to capitalize into housing values, they only do so for homes within 15 miles of the plant and only when the retirement is complete rather than partial. Taken together, these results underscore the importance of subjective perceptions in shaping market-mediated price effects with far-reaching implications for the literature.
- Notes:
- Print version record
- December 2022.
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