Booming shale gas development has been blamed for dramatic rises in housing rental costs, with important distributional consequences. We consider the effect of rapid shale development on Pennsylvania census tract rents, using New York tracts (located on the Marcellus shale formation but under a fracking moratorium) as a control group.
We develop a new estimator that combines matching and quantile regression techniques. Results suggest that the impact of shale gas development on rents varies dramatically over the distribution of unobservables and that large eects are conned to only the upper tail of the
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