Consequences of the Clean Water Act and the Demand for Water Quality

91 Pages Posted: 19 Jan 2017

See all articles by David Keiser

David Keiser

Resource Economics

Joseph S. Shapiro

University of California, Berkeley; National Bureau of Economic Research (NBER)

Multiple version iconThere are 4 versions of this paper

Date Written: January 01, 2017

Abstract

Since the 1972 U.S. Clean Water Act, government and industry have invested over $1 trillion to abate water pollution, or $100 per person-year. Over half of U.S. stream and river miles, however, still violate pollution standards. We use the most comprehensive set of files ever compiled on water pollution and its determinants, including 50 million pollution readings from 170,000 monitoring sites, to study water pollution's trends, causes, and welfare consequences. We have three main findings. First, water pollution concentrations have fallen substantially since 1972, though were declining at faster rates before then. Second, the Clean Water Act's grants to municipal wastewater treatment plants caused some of these declines. Third, the grants' estimated effects on housing values are generally smaller than the grants' costs.

Keywords: H23, H54, H70, Q50, R31

Suggested Citation

Keiser, David and Shapiro, Joseph S., Consequences of the Clean Water Act and the Demand for Water Quality (January 01, 2017). US Census Bureau Center for Economic Studies Paper No. CES-WP-17-07, Available at SSRN: https://ssrn.com/abstract=2901492 or http://dx.doi.org/10.2139/ssrn.2901492

David Keiser (Contact Author)

Resource Economics ( email )

Resource Economics
UMass
Amherst, MA 01003
United States

Joseph S. Shapiro

University of California, Berkeley ( email )

HOME PAGE: http://joseph-s-shapiro.com

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
18
Abstract Views
266
PlumX Metrics