EconPapers    
Economics at your fingertips  
 

The Effect of Emission Information on Housing Prices: Quasi-Experimental Evidence from the European Pollutant Release and Transfer Register

Kathrine von Graevenitz (), Daniel Römer () and Alexander Rohlf ()
Additional contact information
Daniel Römer: Centre for European Economic Research (ZEW)
Alexander Rohlf: University of Mannheim

Environmental & Resource Economics, 2018, vol. 69, issue 1, 23-74

Abstract: Abstract In this paper, we study whether the release of pollutant emission information has an effect on housing prices. The event under study is the publication of the first wave of emission quantity data from the European Pollutant Release and Transfer Register in 2009. Our analysis is based on quarterly housing prices at the German postal code level for the years 2007–2011 and provides the first evidence from Europe on this research question. Estimating a differences-in-differences model and controlling for observable differences in land use, housing type distribution, tax revenues and other postal code area characteristics by means of propensity score matching, we find no significant effect of the release of emission information on the value of houses in affected postal code areas. This result survives a number of robustness checks designed to assess whether our findings are due to data aggregation issues or the actual treatment definition. This leads to the conclusion that on an aggregate level the 2009 publication of E-PRTR data did not have an immediate and noticeable effect on housing prices in Germany.

Keywords: Emissions information; E-PRTR; Housing market; Propensity score matching; Quasi-experiment (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s10640-016-0065-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:enreec:v:69:y:2018:i:1:d:10.1007_s10640-016-0065-8

Ordering information: This journal article can be ordered from
http://www.springer. ... al/journal/10640/PS2

Access Statistics for this article

Environmental & Resource Economics is currently edited by Ian J. Bateman

More articles in Environmental & Resource Economics from Springer, European Association of Environmental and Resource Economists Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-05-17
Handle: RePEc:kap:enreec:v:69:y:2018:i:1:d:10.1007_s10640-016-0065-8