期刊
JOURNAL OF PUBLIC ECONOMICS
卷 153, 期 -, 页码 69-81出版社
ELSEVIER SCIENCE SA
DOI: 10.1016/j.jpubeco.2017.07.006
关键词
Lead paint exposure; Lead hazard remediation; Value of environmental health risk; Urban environmental health
类别
The presence of lead paint significantly impairs cognitive and behavioral development, yet little is known about the value to households of avoiding this residence-specific environmental health risk. In this paper, we estimate the benefits of lead-paint remediation on housing prices. Using data on all homes that applied to a HUD-funded program in Charlotte, North Carolina, we adopt a difference-in-differences estimator that compares values among remediated properties with those for which an inspection does not identify a lead paint hazard. Results indicate large returns for public and private investment in remediation with each $1 spent on lead remediation generating $2.60 in benefits as well as a reduction in residential turnover. (C) 2017 Elsevier B.V. All rights reserved.
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