The value of brownfield remediation

Journal Article (Journal Article)

The US Environmental Protection Agency Brownfields Program awards grants to redevelop contaminated lands known as brownfields. This paper estimates cleanup benefits by combining administrative records for a nationally representative sample of brownfields with high-resolution, high-frequency housing data. With cleanup, we find that property values increase by an average of 5.0% to 11.5%. For a welfare interpretation that does not rely on the intertemporal stability of the hedonic price function, a double-difference matching estimator finds even larger effects of up to 15.2%. Our various specifications lead to the consistent conclusion that Brownfields Program cleanups yield positive, statistically significant, but highly localized effects on housing prices.

Full Text

Duke Authors

Cited Authors

  • Haninger, K; Ma, L; Timmins, C

Published Date

  • March 1, 2017

Published In

Volume / Issue

  • 4 / 1

Start / End Page

  • 197 - 241

Electronic International Standard Serial Number (EISSN)

  • 2333-5963

International Standard Serial Number (ISSN)

  • 2333-5955

Digital Object Identifier (DOI)

  • 10.1086/689743

Citation Source

  • Scopus