New Flight Regimes and Exposure to Aircraft Noise: Identifying Housing Price Effects Using a Ratio-of-Ratios Approach

Stefan Boes () and Stephan Nuesch ()

No 906, Working Papers from University of Zurich, Socioeconomic Institute

Abstract: In October 2003, a new flight regime was introduced at Zurich airport that significantly changed the levels of noise pollution in surrounding communities. We investigate the impact of the new flight policy on apartment prices using a hedonic price model and a non-linear difference-in-differences identification strategy. Our results suggest that rental prices increased by about 3 to 8 percent less in regions affected by the policy change, controlling for several apartment and location characteristics. The noise discount is still significant, although smaller, even after the inclusion of object-speciffc fixed effects. However, we do not find evidence of price changes in the sales market.

Keywords: quasi-experimental data; housing market; aircraft noise; hedonic approach; non-linear difference-in-differences; policy evaluation (search for similar items in EconPapers)
JEL-codes: C21 Q53 R21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ure
Date: 2009-04
View list of references

Downloads: (external link)
http://www.soi.uzh.ch/research/wp/2009/wp0906.pdf first version, 2009 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:soz:wpaper:0906

Access Statistics for this paper

More papers in Working Papers from University of Zurich, Socioeconomic Institute
Contact information at EDIRC.
Series data maintained by Harry Telser ().