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U.S. housing prices and the Fukushima nuclear accident: To update, or not to update, that is the question

  • Alexander Fink

    ()

  • Thomas Stratmann

    ()

Did the nuclear catastrophe at Fukushima in March 2011 cause individuals to reappraise the risks they attach to nuclear power plants? We investigate the change in housing prices in the U.S. after the Fukushima event to test the hypothesis that house prices in the proximity of power plants fell due to an updated nuclear risk perception. Using a difference-in-differences approach we do not find evidence in support of the hypothesis that individuals reappraise the risks associated with nuclear power plants. House prices close to nuclear reactor sites did not fall relative to house prices at other locations in the U.S.

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File URL: http://servizi.sme.unito.it/icer_repec/RePEc/icr/wp2013/ICERwp04-13.pdf
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Paper provided by ICER - International Centre for Economic Research in its series ICER Working Papers with number 04-2013.

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Length: pages
Date of creation: Jun 2013
Date of revision:
Handle: RePEc:icr:wpicer:04-2013
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  7. Lucas W. Davis, 2011. "Prospects for Nuclear Power," NBER Working Papers 17674, National Bureau of Economic Research, Inc.
  8. Sherman Folland & Robbin Hough, 2000. "Externalities of Nuclear Power Plants: Further Evidence," Journal of Regional Science, Wiley Blackwell, vol. 40(4), pages 735-753.
  9. Atif Mian & Amir Sufi, 2009. "The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis," The Quarterly Journal of Economics, MIT Press, vol. 124(4), pages 1449-1496, November.
  10. Nicholas J. Sanders, 2012. "Toxic Assets: How the Housing Market Responds to Environmental Information Shocks," Working Papers 128, Department of Economics, College of William and Mary.
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