Table 5

Robustness Checks

 Dependent Variable: Log Sale Price
(1)(2)(3)(4)(5)(6)
Entry  0.0028**
(0.0012)
  0.0027**
(0.0012)
  0.0023**
(0.0011)
  0.0029**
(0.0012)
  0.0043***
(0.0013)
  0.0097***
(0.0020)
Cleanup  0.0074***
(0.0021)
  0.0072***
(0.0021)
  0.0035**
(0.0016)
  0.0078***
(0.0021)
  0.0060***
(0.0022)
  0.0162***
(0.0034)
Construction_1yr  0.0015***
(0.00043)
Alteration_1yr  0.0065***
(0.0012)
Construction_2yr  0.0012***
(0.00033)
Alteration_2yr  0.0060**
(0.0031)
CERCLIS–0.025***
(0.0054)
Controls
  Quarter FEYesYesYesYesYesYes
  Property FEYesYesYesYesYesYes
  Census tract – Year FEYesYesYesYesYesNo
  Average price1997– Year FENoNoYesYesNoNo
  Characteristics by periodNoNoNoNoYesNo
  Year sold by last sale FENoNoNoNoNoYes
Observations123,852123,852123,852123,852123,85271,127
R-squared0.890.890.890.890.890.55
  • Note: Standard errors are in parentheses and clustered at the property level. CERCLIS, Comprehensive Environmental Response, Compensation, and Liability Information System; FE, fixed effects.

  • ** p < 0.05;

  • *** p < 0.01.