Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/170857
Authors: 
Billings, Stephen B.
Schnepel, Kevin T.
Year of Publication: 
2017
Series/Report no.: 
IZA Discussion Papers 10873
Abstract: 
The presence of lead paint significantly impairs cognitive and behavioral development, yet little is known about the value to households of avoiding this residence-specific environmental health risk. In this paper, we estimate the benefits of lead-paint remediation on housing prices. Using data on all homes that applied to a HUD-funded program in Charlotte, North Carolina, we adopt a difference-in-differences estimator that compares values among remediated properties with those for which an inspection does not identify a lead paint hazard. Results indicate large returns for public and private investment in remediation with each $1 spent on lead remediation generating $2.60 in benefits as well as a reduction in residential turnover.
Subjects: 
lead paint exposure
lead hazard remediation
value of environmental health risk
urban environmental health
JEL: 
Q51
Q52
Q58
R21
R23
R31
I18
Document Type: 
Working Paper

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