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The Market Value of Reproductive Rights: Evidence from U.S. Housing Markets

Author

Listed:
  • Daniel L. Dench
  • Kelly Lifchez
  • Jason M. Lindo
  • Jancy Ling Liu

Abstract

We estimate the market value of reproductive rights as capitalized into U.S. housing markets. We do so using a synthetic difference-in-differences design to evaluate the effects of total abortion bans following the 2022 Dobbs decision, and drawing on housing market indices from Zillow and vacancy rate data from the U.S. Census Bureau's Housing Vacancy Survey. The results indicate that total abortion bans reduced rents by an average of 2.2% from July 2022 through June 2025, with the effect reaching 4.0% in the most recent year. Over the same horizon, bans increased rental vacancy rates by an average of 1.1 percentage points, with the effect reaching 1.8 percentage points in the most recent year. Estimates for home values and homeowner vacancy rates are similar in magnitude but less precise.

Suggested Citation

  • Daniel L. Dench & Kelly Lifchez & Jason M. Lindo & Jancy Ling Liu, 2026. "The Market Value of Reproductive Rights: Evidence from U.S. Housing Markets," NBER Working Papers 34921, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:34921
    Note: CH EH LE LS PE
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    More about this item

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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