| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16272 |
| DP16272 Opioid Crisis and Real Estate Prices | |
| Cláudia Custódio; Dragana Cvijanovic; Moritz WIedemann | |
| 发表日期 | 2021-06-16 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper estimates the impact of opioid abuse on real estate prices. We exploit the variation in opioid prescriptions induced by the staggered passage of state laws intending to limit the abuse of opioids. We document a long-term negative relationship between opioid prescriptions and residential real estate prices. For a one standard deviation change in prescriptions we find a 1.36 percentage points change in home values over the following 5 years. We also estimate a positive increase in home prices of 0.54 and 0.91 percentage points respectively in the first and second years following the passage of these laws. One im- portant factor driving this relationship are changes in mortgage delinquency rates. Overall, our results are consistent with opioid abuse having significant long lasting negative economic effects that are mitigated if opioid supply is limited. |
| 主题 | Financial Economics |
| 关键词 | Opioid Prescription opioids Real estate prices |
| URL | https://cepr.org/publications/dp16272 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545237 |
| 推荐引用方式 GB/T 7714 | Cláudia Custódio,Dragana Cvijanovic,Moritz WIedemann. DP16272 Opioid Crisis and Real Estate Prices. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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