Environmental regulations are typically considered to be a drag on the economy. However, improved environmental quality may actually enhance productivity by creating a healthier workforce. Evidence suggests that improvements in air quality lead to improvements in worker productivity across a...

Though over 90 percent of benefits from environmental quality improvements are attributed to long-term exposure, nearly all quasi-experimental evidence on the effects of pollution on health exploits changes in short-term exposure. Quantifying long-run exposure impacts requires a lasting,...

We provide detailed empirical evidence of a direct effect of air pollution on the efficient operation of the New York Stock Exchange, linking short-term variations in fine particulate matter (PM2.5) in Manhattan to movements in the S&P 500. The effects are substantial – a one standard...