Meta-Analysis of Airport Noise and Hedonic Property Values

By Jon P. Nelson. Journal of Transport Economics and Policy, 2004

320 citations recorded by the source corpus.

Meta-analysis is applied to the negative relationship between airport noise exposure and residential property values. The effect size in the analysis is the percentage depreciation per decibel increase in airport noise, or the noise discount. Twenty hedonic property value studies are analysed, covering 33 estimates of the noise discount for 23 airports in Canada and the United States. About one-third of the estimates have not been previously reported in the literature or were not included in previous meta-analyses. A meta-regression analysis examines the variability in the noise discounts that might be due to country, year, sample size, model specification, mean property value, data aggregation, or accessibility to airport employment and travel opportunities. The analysis indicates that country and model specification have some effect on the measured noise discount, but the other variables have little systematic effect.

Subfields: Economics and Econometrics, Speech and Hearing

View Paper: https://www.semanticscholar.org/paper/f4fc20aa3482660b9de0df37793c9515ef29d4c6

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Citations in the corpus

A meta-analysis of residential water demand studies (2014, background): “…meta-analysis literature (Stanley and Doucouliagos 2012, 2013; Delmas et al. 2013; Benos and Zotou 2013; Asenso-Boadi et al. 2008; Scheierling 2006; Nelson 2004 and de Blaeij et al. 2003) and is based on the hypothesis that estimations of primary studies with large sample sizes have lower…”
Buyer Information and the Hedonic: The Impact of a Seller Disclosure on the Implicit Price for Airport Noise (2008, methodology): “Applied to the housing market, the model has been widely used in urban economics to study such topics as the value of air quality (i.e. Nelson [12] and Chay and Greenstone [4]), crime (i.e. Thaler [17] and Bowes and Ihlanfeldt [2]), and school quality (i.e. Black [1] and Gibbons and Machin [7]).1 Ho”
The Use (and Abuse) of Meta-Analysis in Environmental and Natural Resource Economics: An Assessment (2009, unknown): “3 has a convenient interpretation as the expected effect-size for the null case (e.g., Koetse et al. 2008; Nelson 2004; Patuelli et al. 2005; Ringquist 2005).”
Homevoters vs. Leasevoters: A Spatial Analysis of Airport Effects (2015, background): “Given the average noise effect of -0.6% per db aircraft noise in the literature (Ahlfeldt & Maennig, 2011; Nelson, 2004), a 30% reduction in property prices (which we find for some precincts in the Schoenefeld area) would correspond to an anticipated increase in airport noise of approximately 50 db.”
Is Flood Risk Capitalised Into Property Values (2018, unknown): “Nelson (2004) also conducts a meta-analysis of hedonic estimates of WTP for a reduction of noise from airports.”
Local environmental quality and life-satisfaction in Germany (2008, background): “For overviews of the empirical literature see Smith and Huang (1995) for air pollution studies and Nelson (2004) for noise pollution studies linked to airports.”
Urban Location and Housing Prices within a Hedonic Model (2008, background): “(See Nelson 2004 for references to a large number of such studies.)”