| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP6177
|
| DP6177 A Test of Profit Maximization |
| Björn Marcus Asplund
|
| 发表日期 | 2007-03-16
|
| 出版年 | 2007
|
| 语种 | 英语
|
| 摘要 | Does Islamic terrorism have an effect on the general attitudes towards Muslim minorities? We use the murder of Theo van Gogh as an event study to address this question. Specifically, we use the hedonic-market model and test for an effect on listed house prices in neighbourhoods where more than 25% of the people belong to an ethnic minority from a Muslim country (type I). Relative to the other neighbourhoods, house prices in type I neighbourhoods decreased in 10 months by about 3%, with a widening gap over time. We use a unique weekly data set from a multi listing service that contains over 70% of all houses for sale and obtain the actual transaction prices from the registers office. Our 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 neighbourhoods. Finally, we find evidence that segregation increased. People belonging to the Muslim minority were more likely to buy and less likely to sell a house in a type I neighbourhood after the murder than before. |
| 主题 | Labour Economics
|
| 关键词 | Economics of terror
Housing market
Hedonic market method
Differences in differences
|
| URL | https://cepr.org/publications/dp6177
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535020
|
推荐引用方式
GB/T 7714 |
Björn Marcus Asplund. DP6177 A Test of Profit Maximization. 2007.
|
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