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The Impact of Germany's Coal Phase-Out on Local Property Values

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  • Bruns, Daniel
  • Thomsen, Stephan L.

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  • Bruns, Daniel & Thomsen, Stephan L., 2025. "The Impact of Germany's Coal Phase-Out on Local Property Values," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325450, Verein für Socialpolitik / German Economic Association.
  • Handle: RePEc:zbw:vfsc25:325450
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    File URL: https://www.econstor.eu/bitstream/10419/325450/1/vfs-2025-pid-129153.pdf
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    References listed on IDEAS

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    1. Oei, Pao-Yu & Hermann, Hauke & Herpich, Philipp & Holtemöller, Oliver & Lünenbürger, Benjamin & Schult, Christoph, 2020. "Coal phase-out in Germany – Implications and policies for affected regions," Energy, Elsevier, vol. 196(C).
    2. Brachert, Matthias & Heinisch, Katja & Holtemöller, Oliver & Kirsch, Florian & Neumann, Uwe & Rothgang, Michael & Schmidt, Torsten & Schult, Christoph & Solms, Anna & Titze, Mirko, 2023. "Begleitende Evaluierung des Investitionsgesetzes Kohleregionen (InvKG) und des STARK-Bundesprogramms: Endbericht zur Auftragserweiterung," IWH Studies 5/2023, Halle Institute for Economic Research (IWH).
    3. Martin Micheli & Jan Rouwendal & Jasper Dekkers, 2019. "Border Effects in House Prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 47(3), pages 757-783, September.
    4. Roback, Jennifer, 1982. "Wages, Rents, and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1257-1278, December.
    5. Heinisch, Katja & Holtemöller, Oliver & Schult, Christoph, 2021. "Power generation and structural change: Quantifying economic effects of the coal phase-out in Germany," Energy Economics, Elsevier, vol. 95(C).
    6. Goodman-Bacon, Andrew, 2021. "Difference-in-differences with variation in treatment timing," Journal of Econometrics, Elsevier, vol. 225(2), pages 254-277.
    7. Rivera, Nathaly M. & Loveridge, Scott, 2022. "Coal-to-gas fuel switching and its effects on housing prices," Energy Economics, Elsevier, vol. 106(C).
    8. Rivera, Nathaly M. & Ruiz-Tagle, J. Cristobal & Spiller, Elisheba, 2024. "The health benefits of solar power generation: Evidence from Chile," Journal of Environmental Economics and Management, Elsevier, vol. 126(C).
    9. Pahle, Michael, 2010. "Germany's dash for coal: Exploring drivers and factors," Energy Policy, Elsevier, vol. 38(7), pages 3431-3442, July.
    10. Brausewetter Lars & Thomsen Stephan L. & Trunzer Johannes, 2024. "Regional Supply and Demand Fundamentals in the German Housing Price Boom," German Economic Review, De Gruyter, vol. 25(1), pages 1-36, February.
    11. Piet Eichholtz & Nils Kok & Mike Langen & Daan Vulpen, 2023. "Clean Electricity, Dirty Electricity: The Effect on Local House Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 66(4), pages 743-777, May.
    12. Brachert, Matthias & Heinisch, Katja & Holtemöller, Oliver & Kirsch, Florian & Neumann, Uwe & Rothgang, Michael & Schmidt, Torsten & Schult, Christoph & Solms, Anna & Titze, Mirko, 2023. "Begleitende Evaluierung des Investitionsgesetzes Kohleregionen (InvKG) und des STARK-Bundesprogramms: Zwischenbericht vom 30.06.2023," IWH Studies 6/2023, Halle Institute for Economic Research (IWH).
    13. Sun, Liyang & Abraham, Sarah, 2021. "Estimating dynamic treatment effects in event studies with heterogeneous treatment effects," Journal of Econometrics, Elsevier, vol. 225(2), pages 175-199.
    14. Luke Haywood & Markus Janser & Nicolas Koch, 2024. "The Welfare Costs of Job Loss and Decarbonization: Evidence from Germany’s Coal Phaseout," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 11(3), pages 577-611.
    15. Rebecca Fraenkel & Josh Graff Zivin & Sam Krumholz, 2024. "The Coal Transition and Its Implications for Health and Housing Values," Land Economics, University of Wisconsin Press, vol. 100(1), pages 51-65.
    16. Lucas W. Davis, 2011. "The Effect of Power Plants on Local Housing Values and Rents," The Review of Economics and Statistics, MIT Press, vol. 93(4), pages 1391-1402, November.
    17. Oei, Pao-Yu & Brauers, Hanna & Herpich, Philipp, 2020. "Lessons from Germany’s hard coal mining phase-out: policies and transition from 1950 to 2018," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 20(8), pages 963-979.
    18. Bauer, Thomas K. & Braun, Sebastian T. & Kvasnicka, Michael, 2017. "Nuclear power plant closures and local housing values: Evidence from Fukushima and the German housing market," Open Access Publications from Kiel Institute for the World Economy 306480, Kiel Institute for the World Economy (IfW Kiel).
    19. Pao-Yu Oei & Hanna Brauers & Philipp Herpich, 2020. "Lessons from Germany’s hard coal mining phase-out: policies and transition from 1950 to 2018," Climate Policy, Taylor & Francis Journals, vol. 20(8), pages 963-979, September.
    20. Guoying Deng & Manuel A. Hernandez & Shu Xu, 2020. "When Power Plants Leave Town: Environmental Quality and the Housing Market in China," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(4), pages 751-780, December.
    21. Callaway, Brantly & Sant’Anna, Pedro H.C., 2021. "Difference-in-Differences with multiple time periods," Journal of Econometrics, Elsevier, vol. 225(2), pages 200-230.
    22. Manuel Frondel & Andreas Gerster & Colin Vance, 2020. "The Power of Mandatory Quality Disclosure: Evidence from the German Housing Market," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 7(1), pages 181-208.
    23. Bauer, Thomas K. & Braun, Sebastian T. & Kvasnicka, Michael, 2017. "Nuclear power plant closures and local housing values: Evidence from Fukushima and the German housing market," Journal of Urban Economics, Elsevier, vol. 99(C), pages 94-106.
    24. Li, Zheng & Jin, Bohan, 2024. "A breath of fresh air: Coal power plant closures and health in China," Energy Economics, Elsevier, vol. 129(C).
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    More about this item

    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • 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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