The economic fallout from environmental crises

Tyler Smith

The Flint water crisis has been linked to a range of health problems, such as lead poisoning and Legionnaires’ disease. Many residents also struggle with PTSD and depression. 

Now, according to a paper in the American Economic Journal: Economic Policy, damage to the Flint housing market can be added to the list of long-term costs. Authors Peter Christensen, David A. Keiser, and Gabriel E. Lade estimate that Flint’s housing stock suffered more than half a billion dollars in losses.

Given that many Americans’ net worth is tied to housing wealth, the findings illustrate that Flint homeowners have experienced significant economic damages. 

Πηγή: www.aeaweb.org

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