The distributional effects of pollution regulations: Do renters fully pay for cleaner air?

Grainger, Corbett

doi:10.1016/j.jpubeco.2012.06.006

Cited by 67 publications

(48 citation statements)

References 24 publications

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“…Other studies have examined the aggregate impacts on certain subgroups of the population, such as renters and homeowners (Grainger 2012), but have not accounted for important differences in the impacts of the program across households within these subgroups.…”

Section: Introductionmentioning

confidence: 99%

Who Benefits from Environmental Regulation? Evidence from the Clean Air Act Amendments

Bento

Freedman

Lang

2015

Review of Economics and Statistics

115

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Using geographically disaggregated data and exploiting an instrumental variable strategy, we show that, contrary to conventional wisdom, the benefits of the 1990 Clean Air Act Amendments (CAAA) were progressive. The CAAA created incentives for local regulators to target the initially dirtiest areas for cleanup, creating heterogeneity in the incidence of air quality improvements that favored lower-income households. Based on house price appreciation, households in the lowest quintile of the income distribution received annual benefits from the program equal to 0.3% of their income on average during the 1990s, over twice as much as those in the highest quintile.

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Section: Introductionmentioning

confidence: 99%

Who Benefits from Environmental Regulation? Evidence from the Clean Air Act Amendments

Bento

Freedman

Lang

2015

Review of Economics and Statistics

115

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“…Significance levels: * p < 0.1, ** p < 0.05, *** p < 0.01. Source: Author's calculation based on data of the German Weather Service, operator Database 1990-2012, Statistik Lokal and Regional 1998-2012 Offices of the Laender 1997-2012.…”

Section: Estimation Results: Incidence Sharementioning

confidence: 99%

“…Since not all wind turbines have been built on leased land, we scaled the overall amount of lease payments in each county and year 27 This is in line with one of the explanations proposed by Grainger (2012) why housing values react more strongly than rents to (current) improvements in air quality. If current improvements increase the likelihood of future improvements in air quality, house prices should respond stronger than rents as future improvements are only priced by sellers and buyers.…”

mentioning

confidence: 83%

“…Source: Author's calculation based on data of the German Weather Service, operator database 1990-2012, Statistik Lokal and Regional 1997-2012, Federal Statistic Office of the Laender 1997-2012 included in the land price today. Land owners will ask, therefore, for compensation if they sell their suitable land to non-investors, as the new owner may sell the land to an investor in the future.…”

Section: Estimation Equationmentioning

confidence: 99%

“…1998, 2001, 2004, 2007, operator database 1990-2012, Statistik Lokal and Regional 1998-2012 county and year. The main explanatory variable is our calculated additional income due to wind turbine subsidies.…”

mentioning

confidence: 99%

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Wind Electricity Subsidies = Windfall Gains for Land Owners? Evidence from Feed-In Tariff in Germany

Haan

Simmler

2016

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractIn 2013, around 121 billion US-Dollar were spend worldwide to promote the investment into renewable energy sources. The most prominent support scheme employed is a feed-in tariff, which guarantees a fixed price for electricity produced by renewable energies sources, usually for around 15 years after the installation of the plant. We study the incidence of wind turbine subsidies, due to a feed-in tariff in Germany, into land prices to shed light on who benefits from the subsidies. In order to identify the incidence share we exploit quasi-experimental variation in wind strength across 270 non-urban counties combined with an institutional reform and use an Instrumental Variable estimator based on administrative transaction prices. We find that between 15 and 20% of expected wind turbine profits are capitalized into land prices. Using the estimated incidence share of 15%, we find that wind turbine subsidies account for roughly 4% of overall agricultural income of land owners in 2007.JEL Classification: H22, H23, H25, Q28, Q42.

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Hedonics

Taylor

2017

A Primer on Nonmarket Valuation

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The distributional effects of pollution regulations: Do renters fully pay for cleaner air?

Cited by 67 publications

References 24 publications

Who Benefits from Environmental Regulation? Evidence from the Clean Air Act Amendments

Who Benefits from Environmental Regulation? Evidence from the Clean Air Act Amendments

Wind Electricity Subsidies = Windfall Gains for Land Owners? Evidence from Feed-In Tariff in Germany

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