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The Price and Allocation Effects of Targeted Mandates : Evidence from Lead Hazards

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  • Gazze, Ludovica

    (University of Warwick)

Abstract

Several states require owners to mitigate lead hazards in old houses with children present. I estimate the mandates’ effects on housing markets. My empirical strategy exploits differences by state, year, and housing vintage. The mandates decrease the prices of old houses by 7.1 percent, acting as a large tax on owners. Moreover, families with children become 11.3 percent less likely to live in old houses. Increases in rents for family-friendly houses suggest that the mandates have important distributional consequences. These findings are relevant for evaluating similar mandates such as healthy homes standards. Mandates ; Health Hazards ; Housing Quality JEL codes: I18 ; Q52 ; R21

Suggested Citation

  • Gazze, Ludovica, 2020. "The Price and Allocation Effects of Targeted Mandates : Evidence from Lead Hazards," The Warwick Economics Research Paper Series (TWERPS) 1302, University of Warwick, Department of Economics.
    • Handle: RePEc:wrk:warwec:1302
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    File URL: https://warwick.ac.uk/fac/soc/economics/research/workingpapers/2020/twerp_1302_-_gazze.pdf
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    References listed on IDEAS

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    7. Jessica Wolpaw Reyes, 2007. "Environmental Policy as Social Policy? The Impact of Childhood Lead Exposure on Crime," NBER Working Papers 13097, National Bureau of Economic Research, Inc.
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    More about this item

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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