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The value of air quality and crime in Chile: a hedonic wage approach

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  • LAVÍN, FELIPE VÁSQUEZ
  • DRESDNER, JORGE
  • AGUILAR, RENATO

Abstract

We estimate the implicit prices of the crime rate and airborne pollution in Chile, using spatially compensating price differentials in the housing and labor markets. We evaluate empirically the impact of different estimation strategies for the wage and rent equations, on the economic value of these two amenities. The results show that increments in the crime rate or in air pollution have a negative impact on welfare and that the estimated welfare measures and their variances are sensitive to selection bias, endogenous amenities and clustering effects. In contrast, the welfare measures do not seem to be very sensitive to the simultaneity bias.

Suggested Citation

  • Lavín, Felipe Vásquez & Dresdner, Jorge & Aguilar, Renato, 2011. "The value of air quality and crime in Chile: a hedonic wage approach," Environment and Development Economics, Cambridge University Press, vol. 16(03), pages 329-355, June.
  • Handle: RePEc:cup:endeec:v:16:y:2011:i:03:p:329-355_00
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    Cited by:

    1. Carriazo, Fernando & Gomez, John Alexander, 2015. "The Demand for Air Quality: A Case study in Bogotá, Colombia," Documentos CEDE Series 212855, Universidad de Los Andes, Economics Department.
    2. repec:spr:anresc:v:59:y:2017:i:1:d:10.1007_s00168-017-0823-8 is not listed on IDEAS
    3. Damrongsak Rinchumphu & Chris Eves & Connie Susilawati, 2013. "Brand Value of Property in Bangkok Metropolitan Region (BMR), Thailand," International Real Estate Review, Asian Real Estate Society, vol. 16(3), pages 296-322.
    4. Fernando Carriazo & John Alexander Gomez, 2015. "The Demand for Air Quality: A Case study in Bogotá, Colombia," DOCUMENTOS CEDE 014071, UNIVERSIDAD DE LOS ANDES-CEDE.
    5. Hector M. Nuñez & Dusan Paredes & Rafael Garduño-Rivera, 2017. "Is crime in Mexico a disamenity? Evidence from a hedonic valuation approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 59(1), pages 171-187, July.

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