Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
| Session | |
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Egg-Timer: Environmental Risks and Property Markets Location: D-110 Session Chair: Elizabeth Anderson, University of Wisconsin - Madison | |
| Presentation 6 | |
Unconventional Natural Gas Extraction: Rural Poverty, Income, & Population University of Wisconsin - Madison, United States of America Since the early 2000s, fracking of natural gas has greatly increased domestic supply in the US; however, economists have wondered about the local economic impacts. Using grid data at the 0.46 mi^2 (1.2 km^2) level and tract-level data along with fracking well location and drilling date information from seven Rust Belt and Middle Atlantic states, I find that the presence of a fracking well is associated with a 1.7 decrease in people in the lowest three income deciles, a 2.6 percent increase in median household income, and a 4.4 percent increase in income per capita in my preferred specification for 2019. The reduction of people in lower-income brackets is robust to both data sources and some specifications, suggesting that benefits of fracking may accrue to the least wealthy individuals. In addition, I find evidence robust to all three data sources but contrary to previous literature that, compared to controls, fracking is associated with both decreased out-migration and in-migration. | |

