TY  - RPRT
        AU  - Billings, Stephen B.
AU  - Schnepel, Kevin T.
        TI  - The Value of a Healthy Home: Lead Paint Remediation and Housing Values
        PY  - 2017/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 10873
        UR  - https://www.iza.org/publications/dp10873
        AB  - 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. Results indicate large returns for public and private investment in remediation with each $1 spent on lead remediation generating $2.60 in benefits as well as a reduction in residential turnover. 
        KW  - value of environmental health risk
KW  - lead hazard remediation
KW  - lead paint exposure
KW  - urban environmental health
        ER  -