Evidence of Environmental Migration: Housing values alone may not capture the full effects of local environmental disamenities

Trudy Ann Cameron () and Ian McConnaha
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Ian McConnaha: Student, Department of Economics, University of Oregon

University of Oregon Economics Department Working Papers from University of Oregon Economics Department

Abstract: In hedonic property value models, economists typically assume that changing perceptions of environmental risk should be captured by changes in housing prices. However, for long-lived environmental problems, we find that many other features of neighborhoods seem to change as well, because households relocate in response to changes in perceived environmental quality. We consider spatial patterns in census variables over three decades in the vicinity of four Superfund sites. We find many examples of moving and staying behavior, inferred from changes in the relative concentrations of a wide range of socio-demographic groups in census tracts near the site versus farther away.

Keywords: hedonic property values; environmental disamenities (search for similar items in EconPapers)
JEL-codes: Q53 R31 R11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-env, nep-geo and nep-ure
Date: 2005-01-01
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