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Meta-Analysis of Airport Noise and Hedonic Property Values

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Author Info
Jon P. Nelson

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Abstract

Meta-analysis is applied to the negative relationship between airport noise exposure and residential property values. The effect size in the analysis is the percentage depreciation per decibel increase in airport noise, or the noise discount. Twenty hedonic property value studies are analysed, covering 33 estimates of the noise discount for 23 airports in Canada and the United States. About one-third of the estimates have not been previously reported in the literature or were not included in previous meta-analyses. A meta-regression analysis examines the variability in the noise discounts that might be due to country, year, sample size, model specification, mean property value, data aggregation, or accessibility to airport employment and travel opportunities. The analysis indicates that country and model specification have some effect on the measured noise discount, but the other variables have little systematic effect. © The London School of Economics and the University of Bath 2004

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Publisher Info
Article provided by London School of Economics and University of Bath in its journal Journal of Transport Economics and Policy.

Volume (Year): 38 (2004)
Issue (Month): 1 (January)
Pages: 1-27
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Handle: RePEc:tpe:jtecpo:v:38:y:2004:i:1:p:1-27

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Web page: http://www.bath.ac.uk/e-journals/jtep

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  1. Volker Nitsch, 2009. "Fly or Cry: Is Airport Noise Costly?," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  2. Brechet, Thierry & Picard Pierre M., 2008. "The Price of Silence: Markets for Noise Licenses and Airports," CREA Discussion Paper Series 08-08, Center for Research in Economic Analysis, University of Luxembourg. [Downloadable!]
  3. G. Jud & Daniel Winkler, 2006. "The Announcement Effect of an Airport Expansion on Housing Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 33(2), pages 91-103, September. [Downloadable!] (restricted)
  4. Jeffrey P. Cohen & Cletus C. Coughlin, 2006. "Spatial hedonic models of airport noise, proximity, and housing prices," Working Papers 2006-026, Federal Reserve Bank of St. Louis. [Downloadable!]
    Other versions:
  5. Montero, José María & Larraz, Beatriz & Chasco, Coro, 2008. "Building an Environmental Quality Index for a big city: a spatial interpolation approach with DP2," MPRA Paper 10736, University Library of Munich, Germany. [Downloadable!]
  6. Stefan Boes & Stephan Nüesch, 2009. "New Flight Regimes and Exposure to Aircraft Noise: Identifying Housing Price Effects Using a Ratio-of-Ratios Approach," Working Papers 0906, University of Zurich, Socioeconomic Institute. [Downloadable!]
  7. ANDERSSON Henrik & JONSSON Lina & OGREN Mikael, 2008. "Property Prices and Exposure to Multiple Noise Sources: Hedonic Regression with Road and Railway Noise," Working Papers 08.25.269, LERNA, University of Toulouse. [Downloadable!]
  8. Janmaat, John A, 2007. "Factors Affecting Residential Property Values in a Small Historic Canadian University Town," MPRA Paper 6145, University Library of Munich, Germany. [Downloadable!]
  9. Jasper Dekkers & Willemijn van der Straaten, 2008. "Monetary Valuation of Aircraft Noise," Tinbergen Institute Discussion Papers 08-064/3, Tinbergen Institute. [Downloadable!]
  10. Stefan S. Fahrlaender, 2006. "Indirect Construction of Hedonic Price Indexes: Empirical Evidence for Private Properties in Switzerland," Diskussionsschriften dp0601, Universitaet Bern, Departement Volkswirtschaft. [Downloadable!]
  11. Andersson, Henrik & Ögren, Mikael, 2006. "Noise Charges in Railway Infrastructure: A Pricing Schedule Based on the Marginal Cost Principle," Working Papers 2006:4, Swedish National Road & Transport Research Institute (VTI).
  12. Katrin Rehdanz & David J. Maddison, 2006. "Local Environmental Quality and Life-Satisfaction in Germany," Working Papers FNU-119, Research unit Sustainability and Global Change, Hamburg University, revised Sep 2006. [Downloadable!]
    Other versions:
  13. Stefan Sebastian Fahrlaender, 2005. "Semiparametric Construction of Spatial Generalized Hedonic Models for Private Properties," Diskussionsschriften dp0507, Universitaet Bern, Departement Volkswirtschaft. [Downloadable!]
    Other versions:
  14. Andersson, Henrik & Ögren, Mikael, 2007. "Noise Charges in Road Traffic: A Pricing Schedule Based on the Marginal Cost Principle," Working Papers 2007:15, Swedish National Road & Transport Research Institute (VTI), revised 17 Jun 2009. [Downloadable!]
  15. Benoît Chèze, 2007. "Une méta-analyse des études d’évaluation monétaire par la méthode des prix hédoniques du coût externe des installations de traitement des déchets," EconomiX Working Papers 2007-23, University of Paris West - Nanterre la Défense, EconomiX. [Downloadable!]
  16. Andersson, Henrik & Jonsson, Lina & Ögren, Mikael, 2008. "Property Prices and Exposure to Multiple Noise Sources: Hedonic Regression with Road and Railway Noise," Working Papers 2008:10, Swedish National Road & Transport Research Institute (VTI). [Downloadable!]
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