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The Effect of the Theo van Gogh Murder on House Prices in Amsterdam

Pieter Gautier (), Arjen Siegmann () and Aico van Vuuren ()

No 2579, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper estimates the impact of the murder of film maker Theo van Gogh on November 2, 2004, on listed house prices in Amsterdam with a unique dataset. We use an hedonic-market approach to show that general attitudes towards Muslim minorities were negatively affected by the murder. Specifically, we test for an effect on listed house prices in neighborhoods where more than 25% of the people belong to an ethnic minority from a Muslim country (type I). Relative to the other neighborhoods, house prices in type I neighborhoods decreased in 10 months by about average 3%, with a widening gap over time. The results are robust to several adjustments including changes in the control group. There is no significant difference in the time it takes for houses to be sold in type I versus other neighborhoods. Finally, people belonging to the Muslim minority were more likely to buy and less likely to sell a house in a type I neighborhood after the murder than before.

Keywords: housing market; difference-in-differences; migration; terror (search for similar items in EconPapers)
JEL-codes: C31 C41 R21 R23 R31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ure
Date: 2007-01
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Citations: View citations in EconPapers (4) Track citations by RSS feed

Published in: Journal of Urban Economics, 2009, 65(2), 113-126.

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Working Paper: The Effect of the Theo van Gogh Murder on House Prices in Amsterdam (2007) Downloads
Working Paper: The Effect of the Theo van Gogh Murder on House Prices in Amsterdam (2007) Downloads
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