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 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 groundwaterdependent 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.

Keywords: shale gas; groundwater; property values; hedonic models; nearest neighbor matching; differences-in-differences; triple differences (search for similar items in EconPapers)
JEL-codes: Q32 Q33 Q50 Q53 (search for similar items in EconPapers)
Date: 2013-12-09
New Economics Papers: this item is included in nep-ene, nep-ger, nep-reg and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30)

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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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