Place-Based Policies and the Housing Market

Koster, Hans; Ommeren, Jos van

doi:10.1162/rest_a_00779

Cited by 43 publications

(18 citation statements)

References 38 publications

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“…This study finds a gain-to-funding ratio of 1.4 to 1.7 for the noise mitigation programme. These figures are similar to the corresponding ratios from U.S. lead remediation programmes (Billings and Schnepel 2017;Theising 2019) and smaller than the ratios from Superfund cleanups in the U.S. (Gamper-Rabindran and Timmins 2013), public housing improvements in the Netherlands (Koster and Van Ommeren 2019) and a U.S. urban revitalization programme (Rossi-Hansberg, Sarte, and Owens III 2010).…”

Section: Introductionsupporting

confidence: 55%

A sound investment? Traffic noise mitigation and property values

Lindgren

2021

Journal of Environmental Economics and Policy

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Traffic noise is a widespread problem that adversely affects health and well-being. A key policy question is how the benefit of noise mitigation compares with the cost. This study estimates the benefits of noise mitigation by its capitalization into property values. Using a dataset on properties considered for a noise mitigation programme, I estimate a difference-in-differences model that compares prices of properties receiving a measure to properties ineligible for the programme. Results show that noise mitigation raised property prices by 10-12 percent. The property price benefits exceed programme investment cost with each $1 spent on noise mitigation generating up to $1.7 in benefits.

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Section: Introductionsupporting

confidence: 55%

A sound investment? Traffic noise mitigation and property values

Lindgren

2021

Journal of Environmental Economics and Policy

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“…Conflicts between government and homeowners in urban revitalization are common in developing countries [1][2][3], and most of the conflicts arise from the process of internalizing externalities which are understudied [4][5][6]. This study aims to provide new knowledge for the governments to enact more effective policies to proceed redevelopment by internalizing the positive externalities of urban revitalization.…”

Section: Introductionmentioning

confidence: 99%

How Government’s Policy Implementation Methods Influence Urban Villagers’ Acceptance of Urban Revitalization Programs: Evidence from China

Jin

Chin

et al. 2020

Land

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This study aims to provide new knowledge for the governments to enact more effective policies to proceed housing redevelopment programs. We conducted a survey on local urban villagers in Hangzhou city of China. Overall, our results provide valuable theoretical and practical implications for sustainable urban development. Firstly, we found that more reasonable compensation and more respecting justice and democracy during redevelopment implementation increases people's acceptance of government's housing redevelopment program. Secondly, we demonstrated that experiences from social learning, such as government-homeowner conflicts and quality of living of other homeowners who have experienced similar programs, and people's own historical housing redevelopment experience, significantly influence their acceptance of the program. Thirdly, if the governments ensure more justice and democracy, it largely enhances effectiveness of compensation in promoting people's acceptance of the housing redevelopment programs.

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“…Using housing prices for renovated and non-renovated dwellings, these two studies estimate housing externalities in terms of the extent to which the value of a property depends on the quality of the nearby housing stock. While both papers analyze policies aimed at renovating the private housing stock, Koster and Van Ommeren (2015) analyze a Dutch program that targeted the public housing stock. They estimate the housing externalities caused by the policy in terms of both prices and sales times.…”

Section: Introductionmentioning

confidence: 99%

Can urban renewal policies reverse neighborhood ethnic dynamics?

González-Pampillón

Jofre‐Monseny

Viladecans‐Marsal

2019

Journal of Economic Geography

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This paper assesses the impact on neighborhood population dynamics of a major urban renewal policy implemented in Catalonia (Spain) between 2004 and 2010. Some of the most deprived neighborhoods in the region received large investments in their public spaces and facilities with the aim of attracting natives and high income individuals and of reducing the concentration of poverty and immigration. The control group comprises rejected projects and projects accepted towards the end of the program that, due to a fall in public tax revenues, were never executed. The results suggest that the urban renewal projects had little (if any) effects on population dynamics, suggesting that substantial investment in deprived neighborhoods is insufficient to attract natives and/or high income households. Interestingly, the sole exception were the interventions made in Barcelona's historic districts, where the policy seems to have augmented ongoing processes of urban revival into its most deprived neighborhoods furthering processes of gentrification.

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Place-Based Policies and the Housing Market

Cited by 43 publications

References 38 publications

A sound investment? Traffic noise mitigation and property values

A sound investment? Traffic noise mitigation and property values

How Government’s Policy Implementation Methods Influence Urban Villagers’ Acceptance of Urban Revitalization Programs: Evidence from China

Can urban renewal policies reverse neighborhood ethnic dynamics?

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