The Housing Market Impacts of Shale Gas Development
Lucija Muehlenbachs, Elisheba Spiller, Christopher Timmins
American Economic Review · 2015 · Volume 105 · Issue 12
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)
Keywords
Mining, Extraction, and Refining: Hydrocarbon Fuels, Hydrocarbon Resources, Air Pollution, Water Pollution, Noise, Hazardous Waste, Solid Waste, Recycling, Housing Supply and Markets
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