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The risks of nuclear disaster and its impact on housing prices

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  • Ando, Michihito
  • Dahlberg, Matz
  • Engström, Gustav

Abstract

Using a data set on housing sales transactions we explore the potential effect of the Fukushima disaster on housing prices in Sweden. In contrast to most earlier findings in other countries we do not find any disproportionate effect from the Fukushima disaster on housing prices in vicinity of nuclear power plants in Sweden.

Suggested Citation

  • Ando, Michihito & Dahlberg, Matz & Engström, Gustav, 2017. "The risks of nuclear disaster and its impact on housing prices," Economics Letters, Elsevier, vol. 154(C), pages 13-16.
    • Handle: RePEc:eee:ecolet:v:154:y:2017:i:c:p:13-16
    DOI: 10.1016/j.econlet.2017.02.017
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    8. Jan Goebel & Christian Krekel & Tim Tiefenbach & Nicolas Ziebarth, 2015. "How natural disasters can affect environmental concerns, risk aversion, and even politics: evidence from Fukushima and three European countries," Journal of Population Economics, Springer;European Society for Population Economics, vol. 28(4), pages 1137-1180, October.
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    Cited by:

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    2. Ina Blind & Matz Dahlberg, 2020. "Immigration, new religious symbols, and the dynamics of neighborhoods," Journal of Regional Science, Wiley Blackwell, vol. 60(5), pages 929-958, November.
    3. Masaru Nagashima & Chikako Yamauchi, 2023. "Pregnant in haste? The impact of foetus loss on birth spacing and the role of subjective probabilistic beliefs," Review of Economics of the Household, Springer, vol. 21(4), pages 1409-1431, December.
    4. repec:zbw:itse23:277968 is not listed on IDEAS
    5. Fredrik Hansson, 2024. "Pricing Radioactive Pollutants: Evidence from the Swedish Housing Market," The Journal of Real Estate Finance and Economics, Springer, vol. 69(4), pages 585-620, November.
    6. Takano, Keisuke, 2019. "Does visible shock update firms' unrelated trade diversity in anticipation of future shock? Evidence from the Great East Japan Earthquake and expected Nankai Trough Earthquake," TDB-CAREE Discussion Paper Series E-2019-01, Teikoku Databank Center for Advanced Empirical Research on Enterprise and Economy, Graduate School of Economics, Hitotsubashi University.
    7. Tao Chen & Youchao Tan & Jinghua Wang & Cheng (Colin) Zeng, 2022. "The Unintended Consequence of Land Finance: Evidence from Corporate Tax Avoidance," Management Science, INFORMS, vol. 68(11), pages 8319-8342, November.
    8. Guiffard, Jean-Baptiste, 2024. "Valuing the virtual: The impact of fiber to the home on property prices in France," Telecommunications Policy, Elsevier, vol. 48(4).
    9. Hsiao, Cody Yu-Ling & Chen, Hsing Hung, 2018. "The contagious effects on economic development after resuming construction policy for nuclear power plants in Coastal China," Energy, Elsevier, vol. 152(C), pages 291-302.
    10. Bełej, Mirosław & Cellmer, Radosław & Foryś, Iwona & Głuszak, Michał, 2023. "Airports in the urban landscape: externalities, stigmatization and housing market," Land Use Policy, Elsevier, vol. 126(C).

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    More about this item

    Keywords

    Fukushima; Nuclear accident; Housing price; Difference-in-differences;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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