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

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Author Info

  • Gautier, Pieter

    ()
    (VU University Amsterdam)

  • Siegmann, Arjen

    ()
    (VU University Amsterdam)

  • van Vuuren, Aico

    ()
    (VU University Amsterdam)

Abstract

This paper estimates the impact of the murder of film maker Theo van Gogh on November 2, 2004, on listed house prices in Amsterdam with a unique dataset. We use an hedonic-market approach to show that general attitudes towards Muslim minorities were negatively affected by the murder. Specifically, we test for an effect on listed house prices in neighborhoods where more than 25% of the people belong to an ethnic minority from a Muslim country (type I). Relative to the other neighborhoods, house prices in type I neighborhoods decreased in 10 months by about average 3%, with a widening gap over time. The 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 neighborhoods. Finally, people belonging to the Muslim minority were more likely to buy and less likely to sell a house in a type I neighborhood after the murder than before.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 2579.

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Length: 50 pages
Date of creation: Jan 2007
Date of revision:
Publication status: published in: Journal of Urban Economics, 2009, 65(2), 113-126.
Handle: RePEc:iza:izadps:dp2579

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Keywords: housing market; difference-in-differences; migration; terror;

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References

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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. 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.
  3. 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.

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