The Housing Market Impacts of Shale Gas Development

Lucija Muehlenbachs, Elisheba Spiller and Christopher Timmins

No 19796, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Using data from Pennsylvania and New York 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, water source, well productivity, and visibility. Results indicate large negative impacts on nearby groundwater-dependent homes, while piped-water-dependent homes exhibit smaller positive impacts, suggesting benefits from lease payments. At a broader geographic scale, we find that new wellbores increase property values, but these effects diminish over time. Undrilled permits cause property values to decrease. Results have implications for the debate over regulation of shale gas development.

JEL-codes: Q32 Q33 Q50 Q53 (search for similar items in EconPapers)
Date: 2014-01
Note: EEE
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Citations: View citations in EconPapers (27)

Published as Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2015. "The Housing Market Impacts of Shale Gas Development," American Economic Review, American Economic Association, vol. 105(12), pages 3633-3659, December.

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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 (2013)
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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