NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Housing Market Impacts of Shale Gas Development

Lucija Muehlenbachs, Elisheba Spiller, Christopher Timmins

NBER Working Paper No. 19796
Issued in January 2014
NBER Program(s):Environment and Energy Economics

Using data from Pennsylvania and New York and an array of empirical techniques to control for confounding factors, we recover hedonic estimates of property value impacts from shale gas development that vary with geographic scale, water source, well productivity, and visibility. Results indicate large negative impacts on nearby groundwater-dependent homes, while piped-water-dependent homes exhibit smaller positive impacts, suggesting benefits from lease payments. At a broader geographic scale, we find that new wellbores increase property values, but these effects diminish over time. Undrilled permits cause property values to decrease. Results have implications for the debate over regulation of shale gas development.

download in pdf format
   (1793 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w19796

Published: Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2015. "The Housing Market Impacts of Shale Gas Development," American Economic Review, American Economic Association, vol. 105(12), pages 3633-3659, December. citation courtesy of

Users who downloaded this paper also downloaded* these:
Borenstein and Bushnell w21113 The U.S. Electricity Industry After 20 Years of Restructuring
Autor and Duggan w12436 The Growth in the Social Security Disability Rolls: A Fiscal Crisis Unfolding
Fowlie, Greenstone, and Wolfram w21331 Do Energy Efficiency Investments Deliver? Evidence from the Weatherization Assistance Program
Muehlenbachs, Spiller, and Timmins w18390 Shale Gas Development and Property Values: Differences across Drinking Water Sources
Hausman and Kellogg w21115 Welfare and Distributional Implications of Shale Gas
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us