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来源类型Working Paper
规范类型报告
DOI10.3386/w29718
来源IDWorking Paper 29718
The Value of Piped Water and Sewers: Evidence from 19th Century Chicago
Michael Coury; Toru Kitagawa; Allison Shertzer; Matthew Turner
发表日期2022-02-07
出版年2022
语种英语
摘要We estimate the impact of piped water and sewers on property values in late-19th century Chicago. The cost of sewer construction depends sensitively on imperceptible variation in grade, and such variations in grade delay water and sewer service to part of the city. This delay provides quasi-random variation for causal estimates. We extrapolate ate estimates from our natural experiment to the area treated with water and sewer service during 1874-1880 using a new estimator. Water and sewer access increases property values by more than a factor of two. This exceeds costs by almost a factor of 40.
主题Industrial Organization ; Industry Studies ; History ; Macroeconomic History ; Development and Growth ; Development ; Regional and Urban Economics ; Real Estate
URLhttps://www.nber.org/papers/w29718
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587392
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Michael Coury,Toru Kitagawa,Allison Shertzer,et al. The Value of Piped Water and Sewers: Evidence from 19th Century Chicago. 2022.
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