PT - JOURNAL ARTICLE AU - Fraenkel, Rebecca AU - Graff-Zivin, Josh AU - Krumholz, Sam TI - The Coal Transition and Its Implications for Health and Housing Values AID - 10.3368/le.100.1.102222-0092R DP - 2023 Aug 18 TA - Land Economics PG - 102222-0092R 4099 - http://le.uwpress.org/content/early/2023/08/15/le.100.1.102222-0092R.short 4100 - http://le.uwpress.org/content/early/2023/08/15/le.100.1.102222-0092R.full AB - From 2005–2020, one-third of US coal plants had at least one coal-fired generator close. We utilize this natural experiment to estimate the effect of coal plant exposure on mortality and house values. Using a difference-in-differences design, we find that counties within 30 miles of a closing unit experience large health effects following shutdown. While these health improvements appear to capitalize into housing values, they only do so within 15 miles of the plant and only when the retirement is of all units. Taken together, these results underscore the importance of risk salience in shaping market-mediated price effects.