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Sheraton Uptown, Albuquerque, NM, USA
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Sunday, April 23 • 9:45am - 11:15am
D1B-Environmental Hazard and Consumers' Credit Access (Richard L. D. Morse Applied Consumer Economics Award - Professonal Paper)

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This paper examines the effects of pipeline infrastructure and associated incidents on mortgage consumers using evidence from 2005-2011 Home Mortgage Disclosure Act loans in Texas. Empirical results of a difference-in-difference approach show a permanently lower origination rate by 1.6% in the pipeline-present areas compared to the pipeline-free areas, which further enlarges by 1.8% whenever new incidents happen. The treatment effects of incidents emerge only among low- to middle-income consumers and not among high-income consumers. This study informs the public discourse about pipeline hazards and identifies the population at risk of social welfare loss.

Speakers & Presenters

Minhong Xu

PhD student, University of Illinois

Yilan Xu

Assistant Professor, University of Illinois

Sunday April 23, 2017 9:45am - 11:15am

Attendees (1)