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The value of air quality in Chinese cities: Evidence form labor and property market outcomes
(2017)IRENE Working PapersWorking Paper -
The value of air quality in Chinese cities: Evidence from labor and property market outcomes
(2015)CIES Research PaperUsing a dual-market sorting model of workers’ location decisions, this paper studies the capitalization of air pollution in wages and property prices across Chinese cities. We exploit quasi-experimental variations in particulate matter (PM10) concentration induced by a policy subsidizing coal-based winter heating in northern China, specifying a regression discontinuity design based on cities’ location relative to the policy boundary. We ...Working Paper