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Valuation of Noise Pollution and Abatement Policy: Evidence from the Minneapolis-St. Paul International Airport

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  • Felix L. Friedt
  • Jeffrey P. Cohen

Abstract

Aircraft noise pollution has adverse physical and mental health effects that are capitalized in the affected home values. We contribute to the literature estimating these noise discounts by our novel identification strategy that analyzes the “treatment effect” of two local government subsidized soundproofing initiatives near the Minneapolis-Saint Paul International Airport. Combining a repeat-sales sample with data on aircraft noise pollution (1990–2014), we find a causal noise discount of around $25,000 per sale of noise-affected, but abatement-ineligible, properties, whereas abatement-eligible homes experience a negligible effect post soundproofing indicating a return on abatement investments as a high as 40% in Minneapolis.

Suggested Citation

  • Felix L. Friedt & Jeffrey P. Cohen, 2021. "Valuation of Noise Pollution and Abatement Policy: Evidence from the Minneapolis-St. Paul International Airport," Land Economics, University of Wisconsin Press, vol. 97(1), pages 107-136.
    • Handle: RePEc:uwp:landec:v:97:y:2021:i:1:p:107-136
    Note: DOI: 10.3368/wple.97.1.073119-0107R
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    File URL: http://le.uwpress.org/cgi/reprint/97/1/107
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    Citations

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    Cited by:

    1. João Ricardo Faria & Franklin G. Mixon, 2022. "Labor Markets and Sustainability: Short-Run Dynamics and Long-Run Equilibrium," Sustainability, MDPI, vol. 14(7), pages 1-10, April.
    2. Elena Bykowa & Ivan Raguzin, 2024. "Substantiation of Estimation Methods of Technogenic Noise Impact in Cadastral Value Determination of Land Plots," Land, MDPI, vol. 13(2), pages 1-18, February.
    3. Das, Tirthatanmoy & Polachek, Solomon, 2022. "The Econometrics of Antidotal Variables," IZA Discussion Papers 15558, Institute of Labor Economics (IZA).

    More about this item

    JEL classification:

    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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