Publication

This paper uses data from Germany's largest internet platform for real estate to investigate the effect of the Fukushima nuclear disaster in Japan on the German housing market. Using a difference-in-differences approach, the authors find that house prices near nuclear power plants in operation before the disaster fell by almost 6%. House prices near sites that were shut down following the accident fell by 10.8%. The authors argue the results suggest that economic reasons are of prime importance for falls in house prices near nuclear power plants.