Template-Type: ReDIF-Paper 1.0 Series: Tinbergen Institute Discussion Papers Creation-Date: 2007-01-26 Number: 07-013/3 Author-Name: Pieter A. Gautier Author-Email: email@example.com Author-Name: Arjen Siegmann Author-Email: firstname.lastname@example.org Author-Name: Aico van Vuuren Author-Email: email@example.com Author-Workplace-Name: Vrije Universiteit Amsterdam Title: The Effect of the Theo van Gogh Murder on House Prices in 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. Classification-JEL: C31; C41; R21; R23; R31 Keywords: Differences-in-differences; Terror; housing market File-Url: http://papers.tinbergen.nl/07013.pdf File-Format: application/pdf File-Size: 385475 bytes Handle: RePEc:tin:wpaper:20070013