Titelaufnahme

Titel
The pot rush: is legalized marijuana a positive local amenity? / Diego Zambiasi (University of the Basque Country), Steven Stillman (Free University of Bozen-Bolzano and IZA) ; IZA Institute of Labor Economics
VerfasserZambiasi, Diego ; Stillman, Steven
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, March 2018
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (15 Seiten) : Diagramme
SerieDiscussion paper ; no. 11392
URLVolltext
URNurn:nbn:de:hbz:5:2-153601 
Zugänglichkeit
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
The pot rush: is legalized marijuana a positive local amenity? [0.43 mb]
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Zusammenfassung

This paper examines the amenityvalue of legalized marijuana by analyzingthe impact of marijuana legalizationon migration to Colorado. Colorado is the pioneering stateinthisarea having legalized medical marijuana in 2000 andrecreational marijuana in 2012.We test whether potential migrants to Colorado view legalized marijuana as a positive or negative local amenity. We use the synthetic control methodology to examine in- and outmigration to/from Colorado versus migration to/from counterfactual versions of Colorado that have not legalized marijuana. We find strong evidence that potential migrants view legalized marijuana as a positive amenity with in-migration significantly higher in Colorado compared with synthetic- Colorado after the writing of the Ogden memo in 2009 that effectively allowed state laws already in place to be activated, and additionally after marijuana was legalized in 2013 for recreational use. When we employ permutation methods to assess the statistical likelihood of our results given our sample, we find that Colorado is a clear and significant outlier. We find no evidence for changes in out-migration from Colorado suggesting that marijuana legalization did not change the equilibrium for individuals already living in the state.

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