Environmental Health Risks, Property Values, and Neighborhood Composition: Marco Grotteria, LBS

Event Date: 6 November 2024

Speaker: Marco Grotteria (LBS)

Time: 1pm

Venue: Strathclyde Business School, Cathedral Wing, CW506A

Abstract:

We quantify the impact of perceived environmental health risk on property values and neighborhood composition using a widely-advertised re-classification of chemical carcinogenicity. Focusing on plants that were previously emitting the chemicals, we estimate a 2% decline in property values for houses closer to the plant relative to those farther away. Our analysis also reveals a shift towards a higher presence of minority households in houses closer to the plant. This evidence of granular changes in neighbourhood composition in the wake of a change in perceived environmental health risk informs the debate on environmental justice and health inequities.

Published: 7 November 2024