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Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program*
2008
Quarterly Journal of Economics
Approximately $30 billion (2000$) has been spent on Superfund clean-ups of hazardous waste sites, and remediation efforts are incomplete at roughly half of the 1,500 Superfund sites. This study estimates the effect of Superfund clean-ups on local housing price appreciation. We compare housing price growth in the areas surrounding the first 400 hazardous waste sites to be cleaned up through the Superfund program to the areas surrounding the 290 sites that narrowly missed qualifying for these
doi:10.1162/qjec.2008.123.3.951
fatcat:g3a5jpvxgjgo7dfuuur5wbiimu