A World Divided: Refugee Centers, House Prices, and Household Preferences

Hans Koster and Dröes, Martijn
Authors registered in the RePEc Author Service: Martijn I. Dröes

No 14551, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Using detailed Dutch housing transactions data for over more than two decades, we examine the disamenity effect associated with the opening of refugee centers (RCs). We show that the opening of an RC decreases local house prices by 3-6%. The effect has become stronger in the past decade, in line with an increasing share of nationalist votes. Furthermore, by using micro-data on home buyers' characteristics and estimating non-parametric hedonic price models, we identify households' preferences. The results show that the willingness to pay (WTP) is more negative for larger RCs. The WTP of foreign-born individuals is more positive, which is indicative of a more positive attitude towards refugees.

Keywords: Immigration; House prices; Refugee centers; Household preferences (search for similar items in EconPapers)
JEL-codes: E02 O18 R31 (search for similar items in EconPapers)
Date: 2020-04
New Economics Papers: this item is included in nep-mac and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: A world divided: refugee centers, house prices and household preferences (2023)
Working Paper: A World Divided: Refugee Centers, House Prices, and Household Preferences (2019)
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