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):   EEE

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.

You may purchase this paper on-line in .pdf format from SSRN.com ($5) for electronic delivery.

Information about Free Papers

You should expect a free download if you are a subscriber, a corporate associate of the NBER, a journalist, an employee of the U.S. federal government with a ".GOV" domain name, or a resident of nearly any developing country or transition economy.

If you usually get free papers at work/university but do not at home, you can either connect to your work VPN or proxy (if any) or elect to have a link to the paper emailed to your work email address below. The email address must be connected to a subscribing college, university, or other subscribing institution. Gmail and other free email addresses will not have access.

E-mail:

Acknowledgments

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w19796

Users who downloaded this paper also downloaded these:
Muehlenbachs, Spiller, and Timmins w18390 Shale Gas Development and Property Values: Differences across Drinking Water Sources
Reinhart and Rogoff w19823 Recovery from Financial Crises: Evidence from 100 Episodes
Davis w19736 The Economic Cost of Global Fuel Subsidies
Choi, Hong, Kubik, and Thompson w19798 When Real Estate is the Only Game in Town
Bekaert, Harvey, Lundblad, and Siegel w19786 Political Risk Spreads
 
Publications
Activities
Meetings
Data
People
About

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

Contact Us