Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76129
Authors: 
Boes, Stefan
Nüesch, Stephan
Year of Publication: 
2009
Series/Report no.: 
Working Paper, Socioeconomic Institute, University of Zurich 0906
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.
Subjects: 
quasi-experimental data
housing market
aircraft noise
hedonic approach
non-linear difference-in-differences
policy evaluation
JEL: 
C21
Q53
R21
Document Type: 
Working Paper

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