Missing Out on Going Green? Economic and Health Outcomes of New Jersey's Leaving the Regional Greenhouse Gas Initiative Open Access

Gorman, Ryan Patrick (2015)

Permanent URL: https://etd.library.emory.edu/concern/etds/4x51hj27z?locale=en
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Abstract

This paper examines the impact that leaving the Regional Greenhouse Gas Initiative (RGGI) has had on electricity prices and asthma-related health outcomes in New Jersey. Specifying a variety of treatment dates and treatment effect timelines, this research finds that, with regard to either outcome of interest, there was no statistically significant treatment effect. New Jersey did not, as many predicted, experience lower residential electricity prices after leaving the program, nor did the state experience an increase in asthma symptoms or attacks. Results prescribe continued investigation of New Jersey's post-RGGI experience, as well as closer examination of the different ways that participation in the program has affected Maryland and Delaware.

Table of Contents

Table of Contents

I. Introduction.................................................................................................................. 1

II. Literature Review.......................................................................................................... 2

III. Methodology.............................................................................................................. 10

IV. Economic Outcomes.................................................................................................... 11

V. Health Outcomes......................................................................................................... 22

VI. Conclusion................................................................................................................. 34

References..................................................................................................................... 35

List of Tables

1. Summary Statistics for Economic Outcomes................................................................... 15

2. Regression Results for Electricity Prices......................................................................... 18

3. Regression Results for Electricity Prices, Altered Treatment Date, Delayed Effect................. 19

4. Regression Results for Electricity Prices, Altered Treatment Date, Delayed Effect (2)............ 19

5. Regression Results for Electricity Prices, Delayed Effect.................................................... 20

6. Summary Statistics for Asthma Symptom Days............................................................... 25

7. Summary Statistics for Asthma Attacks.......................................................................... 26

8. Regression Results for Asthma Symptoms....................................................................... 30

9. Regression Results for Asthma Attacks........................................................................... 32

List of Graphs

1. Average Quarterly Retail Price of Electricity..................................................................... 16

2. Distribution of Asthma Symptom Days............................................................................ 27

3. Distribution of Asthma Attacks....................................................................................... 27

4. Incidence of Any Asthma Symptom Days........................................................................ 28

5. Incidence of Any Asthma Attacks................................................................................... 28

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