16611047
The value of a healthy home: Lead paint remediation
and housing values.
The presence of lead paint significantly impairs
cognitive and behavioral development, yet little is known about the value to
households of avoiding this residence-specific environmental health risk. In
this paper, we estimate the benefits of lead-paint remediation on housing
prices. Using data on all homes that applied to a HUD-funded program in
Charlotte, North Carolina, we adopt a difference-in-differences estimator that
compares values among remediated properties with those for which an inspection
does not identify a lead paint hazard.
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