The effects of a voluntary property buyout and acquisition program on coastal housing markets: Evidence from New York
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jeem.2023.102873
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2015.
"The Housing Market Impacts of Shale Gas Development,"
American Economic Review, American Economic Association, vol. 105(12), pages 3633-3659, December.
- Muehlenbachs, Lucija & Spiller, Elisheba & Timmins, Christopher, "undated". "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39-rev, Resources for the Future.
- Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2014. "The Housing Market Impacts of Shale Gas Development," NBER Working Papers 19796, National Bureau of Economic Research, Inc.
- Muehlenbachs, Lucia Anna & Spiller, Elisheba & Timmins, Christopher, 2013. "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39-rev2, Resources for the Future.
- Muehlenbachs, Lucija & Spiller, Elisheba & Timmins, Christopher, 2013. "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39, Resources for the Future.
- Clément de Chaisemartin & Xavier D'Haultfœuille, 2020.
"Two-Way Fixed Effects Estimators with Heterogeneous Treatment Effects,"
American Economic Review, American Economic Association, vol. 110(9), pages 2964-2996, September.
- Cl'ement de Chaisemartin & Xavier D'Haultf{oe}uille, 2018. "Two-way fixed effects estimators with heterogeneous treatment effects," Papers 1803.08807, arXiv.org, revised Mar 2020.
- Clément de Chaisemartin & Xavier D'Haultfoeuille, 2019. "Two-way Fixed Effects Estimators with Heterogeneous Treatment Effects," NBER Working Papers 25904, National Bureau of Economic Research, Inc.
- Patrick Walsh & Charles Griffiths & Dennis Guignet & Heather Klemick, 2019.
"Adaptation, Sea Level Rise, and Property Prices in the Chesapeake Bay Watershed,"
Land Economics, University of Wisconsin Press, vol. 95(1), pages 19-34.
- Patrick J. Walsh & Charles Griffiths & Dennis Guignet & Heather Klemick, 2015. "Adaptation, Sea Level Rise, and Property Prices in the Chesapeake Bay Watershed," NCEE Working Paper Series 201502, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Feb 2015.
- Oliver E. J. Wing & William Lehman & Paul D. Bates & Christopher C. Sampson & Niall Quinn & Andrew M. Smith & Jeffrey C. Neal & Jeremy R. Porter & Carolyn Kousky, 2022. "Inequitable patterns of US flood risk in the Anthropocene," Nature Climate Change, Nature, vol. 12(2), pages 156-162, February.
- Kousky, Carolyn & Michel-Kerjan, Erwann O. & Raschky, Paul A., 2018. "Does federal disaster assistance crowd out flood insurance?," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 150-164.
- Parton, Lee C. & Dundas, Steven J., 2020. "Fall in the sea, eventually? A green paradox in climate adaptation for coastal housing markets," Journal of Environmental Economics and Management, Elsevier, vol. 104(C).
- Olga Filippova & Cuong Nguyen & Ilan Noy & Michael Rehm, 2020.
"Who Cares? Future Sea Level Rise and House Prices,"
Land Economics, University of Wisconsin Press, vol. 96(2), pages 207-224.
- Filippova, Olga & Nguyen, Cuong & Noy, Ilan & Rehm, Michael, 2019. "Who cares? Future sea-level-rise and house prices," Working Paper Series 20951, Victoria University of Wellington, School of Economics and Finance.
- Olga Filippova & Cuong Nguyen & Ilan Noy & Michael Rehm, 2019. "Who cares? Future sea-level-rise and house prices," CESifo Working Paper Series 7595, CESifo.
- Eugene Frimpong & Jamie Kruse & Gregory Howard & Rachel Davidson & Joseph Trainor & Linda Nozick, 2019. "Measuring Heterogeneous Price Effects for Home Acquisition Programs in At‐Risk Regions," Southern Economic Journal, John Wiley & Sons, vol. 85(4), pages 1108-1131, April.
- Michael Greenstone & Justin Gallagher, 2008.
"Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 123(3), pages 951-1003.
- Greenstone, Michael & Gallagher, Justin, 2005. "Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program," Economic Theory and Applications Working Papers 12179, Fondazione Eni Enrico Mattei (FEEM).
- Michael Greenstone & Justin Gallagher, 2005. "Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program," Working Papers 2005.149, Fondazione Eni Enrico Mattei.
- Michael Greenstone & Justin Gallagher, 2005. "Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program," NBER Working Papers 11790, National Bureau of Economic Research, Inc.
- Michael Greenstone & Justin Gallagher, 2006. "Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program," Working Papers 0620, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Steven J. Dundas & David J. Lewis, 2020. "Estimating Option Values and Spillover Damages for Coastal Protection: Evidence from Oregon’s Planning Goal 18," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 7(3), pages 519-554.
- Julia L. Hansen & Earl D. Benson & Daniel A. Hagen, 2006. "Environmental Hazards and Residential Property Values: Evidence from a Major Pipeline Event," Land Economics, University of Wisconsin Press, vol. 82(4), pages 529-541.
- Laura A. Bakkensen & Xiaozhou Ding & Lala Ma, 2019. "Flood Risk and Salience: New Evidence from the Sunshine State," Southern Economic Journal, John Wiley & Sons, vol. 85(4), pages 1132-1158, April.
- Caroline M. Kraan & Miyuki Hino & Jennifer Niemann & A. R. Siders & Katharine J. Mach, 2021. "Promoting equity in retreat through voluntary property buyout programs," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 11(3), pages 481-492, September.
- Miyuki Hino & Christopher B. Field & Katharine J. Mach, 2017. "Managed retreat as a response to natural hazard risk," Nature Climate Change, Nature, vol. 7(5), pages 364-370, May.
- Laura A Bakkensen & Lint Barrage, 2022. "Going Underwater? Flood Risk Belief Heterogeneity and Coastal Home Price Dynamics," The Review of Financial Studies, Society for Financial Studies, vol. 35(8), pages 3666-3709.
- Callaway, Brantly & Sant’Anna, Pedro H.C., 2021.
"Difference-in-Differences with multiple time periods,"
Journal of Econometrics, Elsevier, vol. 225(2), pages 200-230.
- Brantly Callaway & Pedro H. C. Sant'Anna, 2018. "Difference-in-Differences with Multiple Time Periods," Papers 1803.09015, arXiv.org, revised Dec 2020.
- McCoy, Shawn J. & Walsh, Randall P., 2018. "Wildfire risk, salience & housing demand," Journal of Environmental Economics and Management, Elsevier, vol. 91(C), pages 203-228.
- Goodman-Bacon, Andrew, 2021. "Difference-in-differences with variation in treatment timing," Journal of Econometrics, Elsevier, vol. 225(2), pages 254-277.
- Qiu, Yun & Gopalakrishnan, Sathya, 2018. "Shoreline defense against climate change and capitalized impact of beach nourishment," Journal of Environmental Economics and Management, Elsevier, vol. 92(C), pages 134-147.
- Bernstein, Asaf & Gustafson, Matthew T. & Lewis, Ryan, 2019. "Disaster on the horizon: The price effect of sea level rise," Journal of Financial Economics, Elsevier, vol. 134(2), pages 253-272.
- Sun, Liyang & Abraham, Sarah, 2021.
"Estimating dynamic treatment effects in event studies with heterogeneous treatment effects,"
Journal of Econometrics, Elsevier, vol. 225(2), pages 175-199.
- Liyang Sun & Sarah Abraham, 2018. "Estimating Dynamic Treatment Effects in Event Studies with Heterogeneous Treatment Effects," Papers 1804.05785, arXiv.org, revised Sep 2020.
- Ajita Atreya & Susana Ferreira & Warren Kriesel, 2013. "Forgetting the Flood? An Analysis of the Flood Risk Discount over Time," Land Economics, University of Wisconsin Press, vol. 89(4), pages 577-596.
- Matthew Gibson & Jamie T. Mullins, 2020.
"Climate Risk and Beliefs in New York Floodplains,"
Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 7(6), pages 1069-1111.
- Gibson, Matthew & Mullins, Jamie, 2020. "Climate Risk and Beliefs in New York Floodplains," IZA Discussion Papers 13553, Institute of Labor Economics (IZA).
- Clément, Valérie & Rey-Valette, Hélène & Rulleau, Bénédicte, 2015. "Perceptions on equity and responsibility in coastal zone policies," Ecological Economics, Elsevier, vol. 119(C), pages 284-291.
- Wim Kellens & Ruud Zaalberg & Philippe De Maeyer, 2012. "The Informed Society: An Analysis of the Public's Information‐Seeking Behavior Regarding Coastal Flood Risks," Risk Analysis, John Wiley & Sons, vol. 32(8), pages 1369-1381, August.
- Michael K. Lindell & Seong Nam Hwang, 2008. "Households' Perceived Personal Risk and Responses in a Multihazard Environment," Risk Analysis, John Wiley & Sons, vol. 28(2), pages 539-556, April.
- Dundas, Steven J., 2017. "Benefits and ancillary costs of natural infrastructure: Evidence from the New Jersey coast," Journal of Environmental Economics and Management, Elsevier, vol. 85(C), pages 62-80.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Guo, Wei & Liao, Yanjun (Penny) & Miao, Qing, 2023. "Managed Retreat and Flood Recovery: The Local Economic Impacts of a Buyout and Acquisition Program," RFF Working Paper Series 23-44, Resources for the Future.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Justin Contat & Carrie Hopkins & Luis Mejia & Matthew Suandi, 2024.
"When climate meets real estate: A survey of the literature,"
Real Estate Economics, American Real Estate and Urban Economics Association, vol. 52(3), pages 618-659, May.
- Justin Contat & Caroline Hopkins & Luis Mejia & Matthew Suandi, 2023. "When Climate Meets Real Estate: A Survey of the Literature," FHFA Staff Working Papers 23-05, Federal Housing Finance Agency.
- Parton, Lee C. & Dundas, Steven J., 2020. "Fall in the sea, eventually? A green paradox in climate adaptation for coastal housing markets," Journal of Environmental Economics and Management, Elsevier, vol. 104(C).
- Georgic, Will & Klaiber, H. Allen, 2022. "Stocks, flows, and flood insurance: A nationwide analysis of the capitalized impact of annual premium discounts on housing values," Journal of Environmental Economics and Management, Elsevier, vol. 111(C).
- Joakim Weill, 2023. "Flood Risk Mapping and the Distributional Impacts of Climate Information," Working Papers 2023.10, FAERE - French Association of Environmental and Resource Economists.
- Joakim A. Weill, 2023. "Flood Risk Mapping and the Distributional Impacts of Climate Information," Finance and Economics Discussion Series 2023-066, Board of Governors of the Federal Reserve System (U.S.).
- Siddhartha Biswas & Mallick Hossain & David Zink, 2023. "California Wildfires, Property Damage, and Mortgage Repayment," Working Papers 23-05, Federal Reserve Bank of Philadelphia.
- repec:fip:fedpwp:96170 is not listed on IDEAS
- Guignet, Dennis & Jenkins, Robin R. & Nolte, Christoph & Belke, James, 2023. "The External Costs of Industrial Chemical Accidents: A Nationwide Property Value Study," Journal of Housing Economics, Elsevier, vol. 62(C).
- Marcel Henkel, Eunjee Kwon, Pierre Magontier, 2022. "The Unintended Consequences of Post-Disaster Policies for Spatial Sorting," Diskussionsschriften credresearchpaper37, Universitaet Bern, Departement Volkswirtschaft - CRED.
- Guignet, Dennis & Jenkins, Robin R. & Belke, James & Mason, Henry, 2023. "The property value impacts of industrial chemical accidents," Journal of Environmental Economics and Management, Elsevier, vol. 120(C).
- Liao, Yanjun (Penny) & Mulder, Philip, 2021. "What's at Stake? Understanding the Role of Home Equity in Flood Insurance Demand," RFF Working Paper Series 21-25, Resources for the Future.
- Youngho Kim, 2024. "Payments for Ecosystem Services Programs and Climate Change Adaptation in Agriculture," Economics Series Working Papers 1054, University of Oxford, Department of Economics.
- Raphaelle G. Coulombe & Akhil Rao, 2023. "Fires and Local Labor Markets," Papers 2308.02739, arXiv.org.
- repec:ags:aaea22:335971 is not listed on IDEAS
- Dylan E. McNamara & Martin D. Smith & Zachary Williams & Sathya Gopalakrishnan & Craig E. Landry, 2024. "Policy and market forces delay real estate price declines on the US coast," Nature Communications, Nature, vol. 15(1), pages 1-16, December.
- Johnson, Kelsey K. & Parton, Lee & Nolte, Christoph & Williamson, Matt & Nogeire-McRae, Theresa & Paudel, Jayash & Brandt, Jodi, 2023. "Moving to the country: Understanding the effects of Covid-19 on property values and farmland development risk," Journal of Housing Economics, Elsevier, vol. 62(C).
- Hu, Zhongchen, 2022. "Social interactions and households’ flood insurance decisions," Journal of Financial Economics, Elsevier, vol. 144(2), pages 414-432.
- Marie Lautrup & Lasse Læbo Matthiesen & Jette Bredahl Jacobsen & Toke Emil Panduro, 2023. "Welfare Effects and the Immaterial Costs of Coastal Flooding," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 85(2), pages 415-441, June.
- Bas Scheer & Wiljan van den Berge & Maarten Goos & Alan Manning & Anna Salomons, 2022. "Alternative Work Arrangements and Worker Outcomes: Evidence from Payrolling," CPB Discussion Paper 435, CPB Netherlands Bureau for Economic Policy Analysis.
- Luo, Lianfa & Cheng, Zhiming & Ye, Qingqing & Cheng, Yanjun & Smyth, Russell & Yang, Zhiqing & Zhang, Le, 2024.
"Nonmonetary awards and innovation: Evidence from winning China's Top Brand Contest,"
China Economic Review, Elsevier, vol. 86(C).
- Luo, Lianfa & Cheng, Zhiming & Ye, Qingqing & Cheng, Yanjun & Smyth, Russell & Yang, Zhiqing & Zhang, Le, 2023. "Nonmonetary Awards and Innovation: Evidence from Winning China's Top Brand Contest," GLO Discussion Paper Series 1345, Global Labor Organization (GLO).
- Jaraitė, Jūratė & Kurtyka, Oliwia & Ollivier, Hélène, 2022.
"Take a ride on the (not so) green side: How do CDM projects affect Indian manufacturing firms’ environmental performance?,"
Journal of Environmental Economics and Management, Elsevier, vol. 114(C).
- Jūratė Jaraitė & Oliwia Kurtyka & Hélène Ollivier, 2022. "Take a ride on the (not so) green side: How do CDM projects affect Indian manufacturing firms’ environmental performance?," PSE-Ecole d'économie de Paris (Postprint) halshs-03705780, HAL.
- Jūratė Jaraitė & Oliwia Kurtyka & Hélène Ollivier, 2022. "Take a ride on the (not so) green side: How do CDM projects affect Indian manufacturing firms’ environmental performance?," Post-Print halshs-03705780, HAL.
- Simon Freyaldenhoven & Christian Hansen & Jorge Perez Perez & Jesse Shapiro, 2021.
"Visualization, Identification, and stimation in the Linear Panel Event-Study Design,"
Working Papers
21-44, Federal Reserve Bank of Philadelphia.
- Jorge Eduardo Pérez, 2022. "Visualization, identification, and estimation in linear panel event-study design," Colombian Stata Users' Group Meetings 2022 05, Stata Users Group.
- Freyaldenhoven Simon & Hansen Christian & Pérez Pérez Jorge & Shapiro Jesse M., 2022. "Visualization, Identification, and Estimation in the Linear Panel Event Study Design," Working Papers 2022-07, Banco de México.
- Simon Freyaldenhoven & Christian Hansen & Jorge Pérez Pérez & Jesse M. Shapiro, 2021. "Visualization, Identification, and Estimation in the Linear Panel Event-Study Design," NBER Working Papers 29170, National Bureau of Economic Research, Inc.
More about this item
Keywords
Acquisitions; Buyouts; Managed retreat; Housing markets; Climate change adaptation;All these keywords.
JEL classification:
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
- R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jeeman:v:121:y:2023:i:c:s0095069623000918. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622870 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.