The Impact of Carcinogenic Risk Exposure on Housing Values: Estimates From Chemical Reclassifications

We thank Holger Mueller (the editor) and two anonymous referees for many insightful suggestions. For helpful comments, we thank Jamie Coen, Lucas Davis, Jefferson Duarte, Francisco Gomes, Itay Goldstein, Todd Gormley, Byoung-Hyoun Hwang, Amit Kumar, Ryan Lewis, Kasper Nielsen, Henri Servaes, Huan Tang, Daniel Wolfenzon, Constantine Yannelis, Anthony Lee Zhang. We also thank participants at the AFA, CEPR Endless Summer Conference on Financial Intermediation and Corporate Finance, EIEF Rome Junior Finance Conference, EPA TRI National Conference, LUISS Finance Workshop, North American Meeting of the Urban Economics Association, Society for the Advancement of Economic Theory, TCU Neeley Finance Conference, University of Kentucky Finance Conference, as well as seminar participants at BI Oslo, EDHEC Business School, King’s College, Monash Business School, London Business School, Maastricht University, Nanyang Business School, Nova SBE, Peking University, Universite de Namur, University of New South Wales, University of Washington (Seattle), WU Vienna University of Economics and Business, for helpful comments and suggestions. A previous version of the paper circulated as Environmental health risks, property values and neighborhood composition. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.