The Impact of Carcinogenic Risk Exposure on Housing Values: Estimates from Chemical Reclassifications
利用美国全国性化学致癌物重新分类事件，研究发现靠近排放致癌物工厂的住房价值下降1-2%，且媒体关注度高的地区影响更大。
Abstract We quantify the impact of perceived cancer risk on housing values using widely advertised national reclassifications of chemical carcinogenicity in the United States. Combining these information events with an empirical design that compares changes in house values closer to affected toxic plants against those farther away isolates the effect of cancer risk news from other local factors. Focusing on plants previously emitting reclassified carcinogenic chemicals, we estimate a 1–2% decline in housing values within a 3-mile radius compared to those located farther away. The effects are stronger in areas with higher media presence underscoring the role of salience as a mechanism.