Is There a Diminishing Value of Urban Amenities as a Result of the COVID-19 Pandemic?

Aico van Vuuren

No 15025, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We investigate whether the COVID-19 pandemic decreased the willingness to pay for urban amenities such as restaurants, cinemas and theaters. We do this by using a hedonic pricing model in combination with a time-gradient difference-in-difference approach. We use a data set that contains virtually all apartments for sale in the larger Stockholm area. We use a very detailed and flexible definition of density of urban amenities based on the exact location of these amenities and the walking distance from the apartments to these amenities. We find a decrease of 1.9 percent of apartments that we label as amenity rich.

Keywords: COVID-19; urban economics; amenities (search for similar items in EconPapers)
JEL-codes: R00 R23 R30 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2022-01
New Economics Papers: this item is included in nep-dcm, nep-res and nep-ure
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Working Paper: Is there a diminishing value of urban amenities as a result of the Covid-19 pandemic? (2022)
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