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Planes Overhead: How Airplane Noise Impacts Home Values / Florian Allroggen, R. John Hansman, Christopher R. Knittel, Jing Li, Xibo Wan, Juju Wang.
- Format:
- Book
- Author/Creator:
- Allroggen, Florian.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w34431.
- NBER working paper series no. w34431
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2025.
- Summary:
- Air transportation supports economic growth and global connectivity but imposes localized environmental costs, particularly through aircraft noise. We estimate the causal effect of aviation noise on housing prices using quasi-experimental variation from the Federal Aviation Administration's rollout of performance-based navigation (PBN) procedures and runway reconfigurations at three major U.S. airports. Combining high-resolution flight trajectory data with geocoded housing transactions, we apply a difference-in-differences hedonic framework to identify changes in exposure unanticipated by residents. A one-decibel increase in annual day-night average sound level reduces house prices by 0.6 to 1.0 percent. Among alternative noise metrics, average exposure explains property value impacts most strongly. Willingness to pay for quieter conditions varies systematically with income and race, indicating that aircraft noise externalities have meaningful distributional consequences. Our results highlight the need to incorporate localized environmental costs into aviation and urban land-use policy.
- Notes:
- October 2025.
- Print version record
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