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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w29385 |
来源ID | Working Paper 29385 |
Immediate and Longer-Term Housing Market Effects of a Major U.S. Airport Closure | |
Jeffrey P. Cohen; Cletus C. Coughlin; Jonas Crews; Stephen L. Ross | |
发表日期 | 2021-10-18 |
出版年 | 2021 |
语种 | 英语 |
摘要 | A busy airport’s closure has large effects on noise, real estate markets, and neighborhood demographics. Using a unique dataset, we examine the effects of closing Denver’s Stapleton Airport on nearby housing markets. We find evidence of immediate anticipatory price effects upon announcement, but no price changes at closing and little evidence of upward trending prices between announcement and closing. However, after the airport closure, more higher-income and fewer black households moved in, and developers built higher quality houses. Finally, post-closing, these demographic and housing stock changes had substantial housing price effects, even after restricting the sample to pre-existing housing sales. |
主题 | Financial Economics ; Financial Markets ; Regional and Urban Economics ; Real Estate |
URL | https://www.nber.org/papers/w29385 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587059 |
推荐引用方式 GB/T 7714 | Jeffrey P. Cohen,Cletus C. Coughlin,Jonas Crews,et al. Immediate and Longer-Term Housing Market Effects of a Major U.S. Airport Closure. 2021. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w29385.pdf(470KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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