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The price and allocation effects of targeted mandates: Evidence from lead hazards

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  • Gazze, Ludovica

Abstract

Several states require owners to mitigate lead hazards in old houses with children present. I estimate the mandates’ effects on housing markets. My empirical strategy exploits differences by state, year, and housing vintage. The mandates decrease the prices of old houses by 7.1 percent, acting as a large tax on owners. Moreover, families with children become 11.3 percent less likely to live in old houses. Increases in rents for family-friendly houses suggest that the mandates have important distributional consequences. These findings are relevant for evaluating similar mandates such as healthy homes standards.

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  • Gazze, Ludovica, 2021. "The price and allocation effects of targeted mandates: Evidence from lead hazards," Journal of Urban Economics, Elsevier, vol. 123(C).
    • Handle: RePEc:eee:juecon:v:123:y:2021:i:c:s0094119021000279
    DOI: 10.1016/j.jue.2021.103345
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    More about this item

    Keywords

    Mandates; Health hazards; Housing quality;
    All these keywords.

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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