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The Effect of the Theo van Gogh Murder on House Prices in Amsterdam

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  • Pieter A. Gautier

    ()

  • Arjen Siegmann

    ()

  • Aico van Vuuren

    ()
    (Vrije Universiteit Amsterdam)

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.

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Bibliographic Info

Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 07-013/3.

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Date of creation: 26 Jan 2007
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Handle: RePEc:dgr:uvatin:20070013

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Web page: http://www.tinbergen.nl

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Keywords: Differences-in-differences; Terror; housing market;

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Cited by:
  1. Alberto Abadie & Sofia Dermisi, 2006. "Is Terrorism Eroding Agglomeration Economies in Central Business Districts? Lessons from the Office Real Estate Market in Downtown Chicago," NBER Working Papers 12678, National Bureau of Economic Research, Inc.
  2. Gautier, Pieter A. & Siegmann, Arjen & Van Vuuren, Aico, 2009. "Terrorism and attitudes towards minorities: The effect of the Theo van Gogh murder on house prices in Amsterdam," Journal of Urban Economics, Elsevier, vol. 65(2), pages 113-126, March.
  3. Marco Hoeberichts & Maarten van Rooij & Arjen Siegmann, 2008. "Market Thinness, List Price Revisions and Time to Sell: Evidence from a large-scale housing dataset," DNB Working Papers, Netherlands Central Bank, Research Department 176, Netherlands Central Bank, Research Department.

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