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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 07-013/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This paper estimates the impact of the murder of film maker Theo vanGogh on November 2, 2004, on listed house prices in Amsterdam with aunique dataset. We use an hedonic-market approach to show that gen-eral attitudes towards Muslim minorities were negatively affected by themurder. Specifically, we test for an effect on listed house prices in neigh-borhoods where more than 25% of the people belong to an ethnic minor-ity from a Muslim country (type I). Relative to the other neighborhoods,house prices in type I neighborhoods decreased in 10 months by about av-erage 3%, with a widening gap over time. The results are robust to severaladjustments including changes in the control group. There is no signifi-cant difference in the time it takes for houses to be sold in type I versusother neighborhoods. Finally, people belonging to the Muslim minoritywere more likely to buy and less likely to sell a house in a type I neighbor-hood after the murder than before. See the publication in Journal of Urban Economics , 2009, 65(2), 113-26.

Keywords: Differences-in-differences; Terror; housing market (search for similar items in EconPapers)
JEL-codes: C31 C41 R21 R23 R31 (search for similar items in EconPapers)
Date: 2007-01-26
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Related works:
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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