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The risks of nuclear disaster and its impact on housing prices

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  • Ando, Michihito
  • Dahlberg, Matz
  • Engström, Gustav

Abstract

Using a data set on housing sales transactions we explore the potential effect of the Fukushima disaster on housing prices in Sweden. In contrast to most earlier findings in other countries we do not find any disproportionate effect from the Fukushima disaster on housing prices in vicinity of nuclear power plants in Sweden.

Suggested Citation

  • Ando, Michihito & Dahlberg, Matz & Engström, Gustav, 2017. "The risks of nuclear disaster and its impact on housing prices," Economics Letters, Elsevier, vol. 154(C), pages 13-16.
    • Handle: RePEc:eee:ecolet:v:154:y:2017:i:c:p:13-16
    DOI: 10.1016/j.econlet.2017.02.017
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    1. Bahar Baziki, Selva & Ginja, Rita & Borota Milicevic, Teodora, 2015. "Trade Competition, Technology and Labor Re-allocation," Working Paper Series 2016:1, Uppsala University, Department of Economics.
    2. Zhu, Hongjia & Deng, Yongheng & Zhu, Rong & He, Xiaobo, 2016. "Fear of nuclear power? Evidence from Fukushima nuclear accident and land markets in China," Regional Science and Urban Economics, Elsevier, vol. 60(C), pages 139-154.
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    5. Jan Goebel & Christian Krekel & Tim Tiefenbach & Nicolas Ziebarth, 2015. "How natural disasters can affect environmental concerns, risk aversion, and even politics: evidence from Fukushima and three European countries," Journal of Population Economics, Springer;European Society for Population Economics, vol. 28(4), pages 1137-1180, October.
    6. Martin Schneider & Karin Wagner, 2015. "Housing Markets in Austria, Germany and Switzerland," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 42-58.
    7. Fink, Alexander & Stratmann, Thomas, 2015. "U.S. housing prices and the Fukushima nuclear accident," Journal of Economic Behavior & Organization, Elsevier, vol. 117(C), pages 309-326.
    8. Boes, Stefan & Nüesch, Stephan & Wüthrich, Kaspar, 2015. "Hedonic valuation of the perceived risks of nuclear power plants," Economics Letters, Elsevier, vol. 133(C), pages 109-111.
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    Cited by:

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    3. Tao Chen & Youchao Tan & Jinghua Wang & Cheng (Colin) Zeng, 2022. "The Unintended Consequence of Land Finance: Evidence from Corporate Tax Avoidance," Management Science, INFORMS, vol. 68(11), pages 8319-8342, November.
    4. Hsiao, Cody Yu-Ling & Chen, Hsing Hung, 2018. "The contagious effects on economic development after resuming construction policy for nuclear power plants in Coastal China," Energy, Elsevier, vol. 152(C), pages 291-302.
    5. Wen‐Chi Liao & Yilan Luo & Yajie Sun, 2022. "Information shock of disaster and hazard: Impact of Kaohsiung gas explosions and risk disclosure on the equalizing difference in the housing market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 50(6), pages 1492-1531, November.
    6. Masaru Nagashima & Chikako Yamauchi, 2023. "Pregnant in haste? The impact of foetus loss on birth spacing and the role of subjective probabilistic beliefs," Review of Economics of the Household, Springer, vol. 21(4), pages 1409-1431, December.
    7. Takano, Keisuke, 2019. "Does visible shock update firms' unrelated trade diversity in anticipation of future shock? Evidence from the Great East Japan Earthquake and expected Nankai Trough Earthquake," TDB-CAREE Discussion Paper Series E-2019-01, Teikoku Databank Center for Advanced Empirical Research on Enterprise and Economy, Graduate School of Economics, Hitotsubashi University.
    8. Bełej, Mirosław & Cellmer, Radosław & Foryś, Iwona & Głuszak, Michał, 2023. "Airports in the urban landscape: externalities, stigmatization and housing market," Land Use Policy, Elsevier, vol. 126(C).

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    More about this item

    Keywords

    Fukushima; Nuclear accident; Housing price; Difference-in-differences;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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