Wildfire Risks and Home Prices, with Lala Ma

In this week’s episode, host Margaret Walls talks with Lala Ma, an associate professor of economics at the University of Kentucky and a new university fellow at Resources for the Future, about the effect on housing prices in California of informing homebuyers about the risk of wildfire. Ma discusses how California classifies and discloses the risk of wildfire throughout the state, the difference in housing prices between areas in which wildfire risk is disclosed and areas where that disclosure isn’t mandated, and factors that may influence the willingness of an individual to pay more to avoid wildfire risk. References and recommendations: “Risk Disclosure and Home Prices: Evidence from California Wildfire Hazard Zones” by Lala Ma, Margaret A. Walls, Matthew Wibbenmeyer, and Connor Lennon; https://www.rff.org/publications/working-papers/risk-disclosure-and-home-prices-evidence-from-california-wildfire-hazard-zones Books by Emily Oster, including “Expecting Better” and “Cribsheet”; https://emilyoster.net/writing/ “The Two-Parent Privilege: How Americans Stopped Getting Married and Started Falling Behind” by Melissa S. Kearney; https://press.uchicago.edu/ucp/books/book/chicago/T/bo205550079.html