eprintid: 16252
rev_number: 17
eprint_status: archive
userid: 2744
dir: disk0/00/01/62/52
datestamp: 2014-02-19 12:51:21
lastmod: 2015-04-25 06:10:13
status_changed: 2014-02-19 12:51:21
type: workingPaper
metadata_visibility: show
creators_name: Rohlf, Alexander
creators_name: Römer, Daniel
creators_name: von Graevenitz, Kathrine 
title: The Effect of Emission Information on Housing Prices in Germany
subjects: 330
divisions: 181000
abstract: In this paper, we study the effect of the release of emission information on housing prices. The main event under study is the release of the first wave of data from the European Pollutant Release and Transfer Register (E-PRTR) publishing emission quantities for the reporting year 2007. We base our analysis on quarterly house prices at the German postal code level for the years 2004-2011 and provide, to the best of our knowledge, the first analysis outside the US on this research question. We estimate a differences-in-differences model and find no significant effect of the release of emission information on the value of houses in affected postal code areas when controlling for observable differences in land use, prevalence of housing types, tax revenues and other postal code area characteristics by means of propensity score matching. This result survives several robustness checks. We conclude that disclosing the first wave of E-PRTR emissions had no robust impact on housing prices.
date: 2014-02
id_scheme: DOI
id_number: 10.11588/heidok.00016252
schriftenreihe_cluster_id: sr-3
schriftenreihe_order: 0554
ppn_swb: 335264662
own_urn: urn:nbn:de:bsz:16-heidok-162526
language: eng
bibsort: ROHLFALEXATHEEFFECTO201402
full_text_status: public
series: Discussion Paper Series / University of Heidelberg, Department of Economics
volume: 0554
pages: 45
citation:   Rohlf, Alexander ; Römer, Daniel ; von Graevenitz, Kathrine   (2014) The Effect of Emission Information on Housing Prices in Germany.  [Working paper]     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/16252/1/Rohlf_R%C3%B6mer_Graevenitz_2014_dp554.pdf