School of Economics

 Invites you to a

School seminar presented by

Joshua S. Graff Zivin

(University of California – San Diego)

DISPARITIES IN POLLUTION CAPITALIZATION RATES:

THE ROLE OF DIRECT AND SYSTEMIC DISCRIMINATION

Co-authors:

(Gregor Singer – London School of Economics)

Thursday 2 November 2023

11.00pm – 12.30pm

Seminar Room 650
A02 Social Sciences Building

Camperdown Campus
The University of Sydney NSW 2006

We examine how exogenous changes in exposure to air pollution over the past two decades have altered the disparities in home values between Black and White homeowners. We find that air quality capitalization rates are significantly lower for Black homeowners. In fact, they are so much lower that, despite secular reductions in the Black-White pollution exposure gap, disparities in housing values have increased during this period. An exploration of mechanisms suggests that roughly one-quarter of this difference is the result of direct discrimination while the remaining three-quarters can be attributed to systemic discrimination through differential access to complementary amenities.

For further information contact: School seminar series coordinators
Alastair Fraser (alastair.fraser@sydney.edu.au) & Brendan Beare (brendan.beare@sydney.edu.au)

For all upcoming seminars in School of Economics see Our events and Calendar