Briefly address what the authors were asking and what the authors found in the article Does Air Quality Matter Evidence from the Housing Market
You will only be expected to briefly address what the authors were asking and what the authors found in the article “Does Air Quality Matter? Evidence from the Housing Market.”
Author(s): Kenneth Y. Chay and Michael Greenstone
We exploit the structure of the Clean Air Act to provide new evidence on the capitalization of total suspended particulates (TSPs) air pollution into housing values. This legislation imposes strict regulations on polluters in “nonattainment” counties, which are defined by concentrations of TSPs that exceed a federally set ceiling.
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