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Evidence of Environmental Migration: Housing values alone may not capture the full effects of local environmental disamenities

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  • Trudy Ann Cameron

    ()
    (Department of Economics, University of Oregon)

  • Ian McConnaha

    (Student, Department of Economics, University of Oregon)

Abstract

In hedonic property value models, economists typically assume that changing perceptions of environmental risk should be captured by changes in housing prices. However, for long-lived environmental problems, we find that many other features of neighborhoods seem to change as well, because households relocate in response to changes in perceived environmental quality. We consider spatial patterns in census variables over three decades in the vicinity of four Superfund sites. We find many examples of moving and staying behavior, inferred from changes in the relative concentrations of a wide range of socio-demographic groups in census tracts near the site versus farther away.

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Bibliographic Info

Paper provided by University of Oregon Economics Department in its series University of Oregon Economics Department Working Papers with number 2005-7.

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Length: 35
Date of creation: 01 Jan 2005
Date of revision: 01 Jan 2005
Handle: RePEc:ore:uoecwp:2005-7

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Keywords: hedonic property values; environmental disamenities;

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