This study is the first to examine the relationship between PM2.5 concentration and per capita income at the municipality level for Italy. The novelty of this work is also to explore the role of agglomerations and morphological factors in influencing the incomepollution correlation in the year...

This paper explores how perceptional changes in exposure to air pollution impact the values of real assets in a housing market. Given a revised air pollution standard due to an environmental policy shock in South Korea, the existing indicators show air quality generally gets lower than before,...

Who benefits from market-based environmental policies? To shed light on this question, we investigate the environmental and distributional consequences of regional cap-and-trade programs to mitigate sulfur dioxide and nitrogen oxides from U.S. power plants. Using double and triple differences,...

The environmental Kuznets curve (EKC) has been extensively criticized on econometric and theoretical grounds. Recent econometric results and case studies show that national emissions of important pollutants are monotonic in income but changes in technology can lead over time to reductions in...

Drawing on a natural experiment generated by prefecture-level centralization reforms in China in the early 2000s, we study whether a centralized system delivers better environmental outcomes in a developing country context. We examine the impact of centralization reforms on firm air pollution...

Government subsidies are often used to stimulate environment-friendly investment. We find that Chinese firms reduce green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air pollution that lead to fluctuations in subsidy...

Extensive research has documented that elevated air pollution increases mortality and morbidity, with estimates reaching 8 million deaths per year. Many of the world's one billion urban poor face both high ambient concentrations and even higher transient peaks. Should government interventions...