Using data from New York and Pennsylvania and an array of empirical techniques to control for confounding factors, we recover hedonic estimates of property value impacts from shale gas development that vary with geographic scale and water source. Results indicate large negative impacts on nearby groundwater-dependent homes, while piped water-dependent homes are positively impacted by proximity (although by a smaller amount), suggesting an impact of lease payments. At a broader geographic scale, we find evidence that new wellbores can increase property values, but these effects diminish over time. Undrilled permits, conversely, may cause property values to decrease.
The Housing Market Impacts of Shale Gas Development
Using property value data from New York and Pennsylvania to look at the impacts of proximity to a shale gas well on home values, experts find that the effects differ depending on whether homes have access to piped water versus well groundwater. (Published in the American Economic Review)
Journal Article by Lucija Muehlenbachs, Elisheba Spiller, and Chris Timmins — Nov. 30, 2015View Journal Article
Lucija Anna Muehlenbachs
Technology-Inclusive Climate Strategy: An Open Race with Many Winners
Making the case for welcoming a range of potential solutions to tackle the global climate challenge while meeting the world’s energy and economic needs.
Press Release — Feb 12, 2020
New Issue Brief Explores Effects of Two Key Design Choices in Clean Electricity Standards
RFF researchers model the CLEAN Future Act and the Clean Energy Standard Act of 2019.
Who Wants Fracking in Their Backyard?
New research answers: Are the residents of communities where drilling has increased the most more or less supportive of oil and gas than other communities?