Evidence of Environmental Migration: Housing values alone may not capture the full effects of local environmental disamenities
Loading...
Date
2005-01-01
Authors
Cameron, Trudy Ann
McConnaha, Ian
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon, Dept of Economics
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.
Description
35 p.
Keywords
Hedonic property values, Environmental disamenities