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Ease vs. noise: Long-run changes in the value of transport (dis)amenities

Author

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  • Ahlfeldt, Gabriel M.
  • Nitsch, Volker
  • Wendland, Nicolai

Abstract

For a complete cost-benefit analysis of durable infrastructures, it is important to understand how the value of non-market goods such as transit time and environmental quality changes as incomes rise in the long-run. We use difference-in-differences and spatial differencing to estimate the land price capitalization effects of metro rail in Berlin, Germany today and a century ago. Over this period, the negative effect of rail noise tripled in percentage terms. Our results imply long-run income elasticities of the value of noise reduction and transport access of 2.2 and 1.4, substantially exceeding cross-sectional contingent valuation estimates.
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Suggested Citation

  • Ahlfeldt, Gabriel M. & Nitsch, Volker & Wendland, Nicolai, 2019. "Ease vs. noise: Long-run changes in the value of transport (dis)amenities," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 119276, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    • Handle: RePEc:dar:wpaper:119276
    Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/119276/
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    Cited by:

    1. Rennert, Lindiwe, 2022. "A meta-analysis of the impact of rail stations on property values: Applying a transit planning lens," Transportation Research Part A: Policy and Practice, Elsevier, vol. 163(C), pages 165-180.
    2. Yudhistira, Muhammad Halley & Karimah, Indra Degree & Maghfira, Nadya Rahmi, 2022. "The effect of port development on coastal water quality: Evidence of eutrophication states in Indonesia," Ecological Economics, Elsevier, vol. 196(C).
    3. Diao, Mi & Li, Qiang & Sing, Tien Foo & Zhan, Changwei, 2023. "Disamenities of living close to transit tracks: Evidence from Singapore's MRT system," Regional Science and Urban Economics, Elsevier, vol. 100(C).
    4. Thiel, Patrick, 2022. "Evaluation of railroad noise: The proximity to railroads and its effect on house prices," Ruhr Economic Papers 981, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    5. Garcia-López, Miquel-Àngel & Gómez-Hernández, Luz Yadira, 2024. "Housing prices, buses and trams in Medellín (Colombia)," Research in Transportation Economics, Elsevier, vol. 106(C).
    6. Federica Daniele & Elena Romito, 2022. "The impact of "Metro C" in Rome on the housing market," Temi di discussione (Economic working papers) 1394, Bank of Italy, Economic Research and International Relations Area.
    7. Flintz, Joschka, 2024. "The value of passenger rail access," Ruhr Economic Papers 1114, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    8. Frederic Kluser, Tobias Seidel, Maximilian v. Ehrlich, 2024. "Spatial Frictions in Retail Consumption," Diskussionsschriften credresearchpaper40, Universitaet Bern, Departement Volkswirtschaft - CRED.
    9. Fetzer, Thiemo, 2023. "Regulatory barriers to climate action: evidence from conservation areas in England," CAGE Online Working Paper Series 654, Competitive Advantage in the Global Economy (CAGE).
    10. Sofiyandi, Yusuf & Kurniawan, Yusuf Reza & Yudhistira, Muhammad Halley, 2023. "The impact of maritime logistics subsidy on food prices: Evidence from Indonesia," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 1026-1045.
    11. Argys, Laura M. & Averett, Susan L. & Yang, Muzhe, 2020. "Residential noise exposure and health: Evidence from aviation noise and birth outcomes," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
    12. H. Allen Klaiber & Ulrich B. Morawetz, 2021. "The Welfare Impacts of Large Urban Noise Reductions: Implications from Household Sorting in Vienna," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 78(1), pages 121-146, January.
    13. Heinzel, Mirko & Reinsberg, Bernhard, 2024. "Trust funds and the sub-national effectiveness of development aid: Evidence from the World Bank," World Development, Elsevier, vol. 179(C).
    14. Zhijunjie Zhai & Minfeng Yao & Yueying Li, 2022. "Evaluation of Land-Use Layout of the Rail Station Area Based on the Difference in Noise Sensitivity to Rail Transit, Taking a Suburb of Tokyo as an Example," Sustainability, MDPI, vol. 14(13), pages 1-23, June.

    More about this item

    JEL classification:

    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913
    • N74 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: 1913-

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