The Housing Market Impacts of Shale Gas Development

Lucija Muehlenbachs, Elisheba Spiller and Christopher Timmins

RFF Working Paper Series from Resources for the Future

Abstract: Using data from New York and Pennsylvania and an array of empirical techniques to control for confounding factors, we recover hedonic estimates of property value impacts from shale gas development that vary with geographic scale and water source. Results indicate large negative impacts on nearby groundwater-dependent homes, while piped water-dependent homes are positively impacted by proximity (although by a smaller amount), suggesting an impact of lease payments. At a broader geographic scale, we find evidence that new wellbores can increase property values, but these effects diminish over time. Undrilled permits, conversely, may cause property values to decrease.

Keywords: shale gas; groundwater; property values; hedonic models; nearest neighbor matching; differences-in-differences; triple differences (search for similar items in EconPapers)
JEL-codes: Q53 (search for similar items in EconPapers)
Date: 2013-12-09
New Economics Papers: this item is included in nep-ene and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Related works:
Journal Article: The Housing Market Impacts of Shale Gas Development (2015)
Working Paper: The Housing Market Impacts of Shale Gas Development (2014)
Working Paper: The Housing Market Impacts of Shale Gas Development (2013)
Working Paper: The Housing Market Impacts of Shale Gas Development
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