Economic Effects of Environmental Crises: Evidence from Flint, Michigan

IF 5.6 1区经济学 Q1 ECONOMICS

American Economic Journal-Economic Policy Pub Date : 2023-02-01 DOI:10.1257/pol.20190391

Gabriel Lade

引用次数: 0

Abstract

In April 2014 Flint, Michigan switched its drinking water supply from the Detroit water system to the Flint River as a temporary means to save $5 million. Over 18 months it was revealed that the switch exposed residents to dangerous levels of lead, culminating in an emergency declaration in October 2015. This paper examines the impact of this crisis on the Flint housing market. The value of Flint’s housing stock has fallen by $520 million to $559 million despite over $400 million in remediation spending. Home prices remain depressed through August 2019, 16 months after the water was declared safe for consumption. (JEL H12, I12, Q25, Q51, Q53, R31)

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环境危机的经济影响:来自密歇根州弗林特的证据

2014年4月，密歇根州弗林特市将其饮用水供应从底特律供水系统改为弗林特河，作为节省500万美元的临时手段。在18个月的时间里，人们发现这种转变使居民暴露在危险水平的铅中，最终在2015年10月发布了紧急声明。本文考察了这场危机对弗林特房地产市场的影响。弗林特的住房存量价值下降了5.2亿美元，降至5.59亿美元，尽管整治支出超过4亿美元。房价一直低迷到2019年8月，也就是宣布水可以安全消费的16个月后。(jel h12, i12, q25, q51, q53, r31)

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

American Economic Journal-Economic Policy ECONOMICS-

CiteScore

8.20

自引率

1.90%

发文量

期刊介绍： The American Economic Review (AER) is a general-interest economics journal. The journal publishes 12 issues containing articles on a broad range of topics. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in economics. American Economic Journal: Economic Policy publishes papers covering a range of topics, the common theme being the role of economic policy in economic outcomes. Subject areas include public economics; urban and regional economics; public policy aspects of health, education, welfare and political institutions; law and economics; economic regulation; and environmental and natural resource economics.