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U.S. housing prices and the Fukushima nuclear accident: To update, or not to update, that is the question

Alexander Fink () and Thomas Stratmann

ICER Working Papers from ICER - International Centre for Economic Research

Abstract: Did the nuclear catastrophe at Fukushima in March 2011 cause individuals to reappraise the risks they attach to nuclear power plants? We investigate the change in housing prices in the U.S. after the Fukushima event to test the hypothesis that house prices in the proximity of power plants fell due to an updated nuclear risk perception. Using a difference-in-differences approach we do not find evidence in support of the hypothesis that individuals reappraise the risks associated with nuclear power plants. House prices close to nuclear reactor sites did not fall relative to house prices at other locations in the U.S.

Keywords: Fukushima; nuclear accident; hedonic prices; housing; updating (search for similar items in EconPapers)
JEL-codes: D80 Q51 R31 (search for similar items in EconPapers)
Pages: pages
Date: 2013-06
New Economics Papers: this item is included in nep-ene, nep-lam, nep-ltv, nep-neu, nep-res and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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