Publications [#347631] of Christopher D. Timmins

Journal Articles

1. Haninger, K; Ma, L; Timmins, C, The value of brownfield remediation, Journal of the Association of Environmental and Resource Economists, vol. 4 no. 1 (March, 2017), pp. 197-241 [doi]
   (last updated on 2023/08/05)

   Abstract:
   The US Environmental Protection Agency Brownfields Program awards grants to redevelop contaminated lands known as brownfields. This paper estimates cleanup benefits by combining administrative records for a nationally representative sample of brownfields with high-resolution, high-frequency housing data. With cleanup, we find that property values increase by an average of 5.0% to 11.5%. For a welfare interpretation that does not rely on the intertemporal stability of the hedonic price function, a double-difference matching estimator finds even larger effects of up to 15.2%. Our various specifications lead to the consistent conclusion that Brownfields Program cleanups yield positive, statistically significant, but highly localized effects on housing prices.