Article Figures & Data
Figures
- Figure 3
Home Prices by Abatement Eligibility across Both Initiatives: (a) Sound Insulation Program (1990-2004) and (b) Consent Decree Program (2000-2014)
- Figure 1
Abatement Program Eligibilities: (a) Sound Insulation Program Eligibility (1992-2006) and (b) Consent Decree Program Eligibility (2008-2014)
- Figure 2
Variation in Residential Aircraft Noise Pollution (1996-2016): (a) dB DNL 60, (b) dB DNL 65, and (c) dB DNL 70
- Figure 4
Pre-and Postabatement Eligibility Effect and Noise Discount by Year: (a) Eligibility Effect and (b) Noise Discount per dB DNL
Tables
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) ΔNi,t+τ −0.014**
(0.006)−0.016**
(0.006)−0.019***
(0.007)−0.019***
(0.007)−0.015***
(0.006)−0.013**
(0.006)−0.010**
(0.005)−0.010**
(0.005)−0.014***
(0.005)−0.011
(0.008)−0.018**
(0.008)−0.039**
(0.020)−0.22***
(0.008)
0.023
(0.016)0.023
(0.016)0.022
(0.016)0.022
(0.016)0.022
(0.016)0.022
(0.016)0.021
(0.016)0.021
(0.016)0.021
(0.016)0.021
(0.016)0.023
(0.015)0.000
(.)0.013*
(0.007)0.055***
(0.013)0.052***
(0.013)0.050***
(0.013)0.046***
(0.013)0.047***
(0.013)0.047***
(0.013)0.046***
(0.012)0.043***
(0.013)0.040***
(0.013)0.042***
(0.014)0.046***
(0.013)0.070**
(0.030)0.024***
(0.009)0.017***
(0.006)0.019***
(0.007)0.021***
(0.007)0.022***
(0.007)0.017***
(0.007)0.015**
(0.007)0.011**
(0.005)0.011**
(0.005)0.015***
(0.005)0.011
(0.008)0.020**
(0.008)0.029
(0.020)—
—0.028***
(0.007)0.028***
(0.007)0.028***
(0.006)0.025***
(0.006)0.021***
(0.006)0.020***
(0.006)0.015**
(0.006)0.012*
(0.007)0.011
(0.007)0.010
(0.014)0.023**
(0.009)0.064***
(0.024)0.035**
(0.016)Observations 46477 46477 46477 46477 46477 46477 46477 46477 46477 46477 46477 2738 14027 Adjusted R-squared 0.682 0.682 0.682 0.682 0.682 0.681 0.681 0.681 0.681 0.681 0.682 0.363 0.439 Noise interpolation Cutoff Cutoff Cutoff Cutoff Cutoff Cutoff Cutoff Cutoff Cutoff Cutoff Linear Restrict. Out-of- 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Interpol. Sample Sample Note: Standard errors, reported in the parentheses, are clustered at the block-group level. This table presents the sensitivity analysis against the varying noise interpolation options. Option 1 requires an arbitrarily chosen cutoff year. The results presented in columns (1)-(10) are based on varying cutoff years ranging from 1996 through 2005. Results provided in column (11) are based on interpolation option 2, which assumes a linear interpolation from 1990 to 2006. Coefficient estimates in accordance with interpolation option 3. are presented in column (12) and based on the restricted repeat sales sample from 2006 through 2014, for which annual noise data is continuously available. Coefficient estimates in accordance with interpolation option 4 are presented in column (13) and based on the out-of-sample interpolation of noise based on annual airport operations from 2001 through 2014. Point estimates presented in column (4) repeat the primary estimates presented in column (8) of Table 1.
↵* p < 0.1;
↵** p < 0.05;
↵*** p < 0.01.
Dependent Variable Naïve Specification 1992 Abatement 2008 Abatement 1992 & 2008 Abatement Δln(Pi,t+τ) (1) (2) (3) (4) (5) (6) (7) (8) ΔNi,t+τ (Δ dB DNL) −0.003
(0.003)−0.003
(0.003)−0.018***
(0.006)−0.016***
(0.005)−0.019***
(0.006)−0.019***
(0.007)−0.019***
(0.006)−0.019***
(0.007)(eligible homes, 1992)0.021
(0.014)0.030*
(0.016)0.020
(0.014)0.022
(0.016)(eligible homes, 2008)0.059***
(0.014)0.048***
(0.013)0.058***
(0.014)0.046***
(0.013)0.023**
(0.009)0.021***
(0.008)0.021***
(0.007)0.022***
(0.007)0.026***
(0.006)0.025***
(0.006)0.026***
(0.006)0.025***
(0.006)% Δ African American −0.536***
(0.087)−0.173**
(0.079)−0.541***
(0.089)−0.531***
(0.087)% Δ Hispanic 0.188*
(0.101)0.872***
(0.127)0.210**
(0.104)0.203**
(0.101)% Δ Asian or Pacific Islander −0.207
(0.171)0.421**
(0.184)−0.269
(0.173)−0.204
(0.172)% Δ American Indian −1.006***
(0.229)−0.426
(0.299)−0.970***
(0.230)−0.991***
(0.229)% Δ Other race 0.367
(0.334)−0.459
(0.436)0.291
(0.353)0.367
(0.336)% Δ Under 20 0.546***
(0.138)−0.668***
(0.157)0.579***
(0.140)0.539***
(0.138)% Δ Over 65 0.562***
(0.112)0.254**
(0.111)0.516***
(0.112)0.545***
(0.112)% Δ Ln(Median income) 0.109***
(0.027)0.071***
(0.026)0.108***
(0.027)0.111***
(0.026)Observations 46477 46477 34273 34273 43034 43034 46477 46477 Adjusted R-squared 0.677 0.681 0.705 0.709 0.672 0.676 0.678 0.682 Note: All regressions include time-of-sale fixed effects. Standard errors are clustered at the block-group level. The results presented in columns (1) and (2) give the naive specification treating all homes identically, whereas the results given in columns (3) through (8) differentiate between abatement eligible and ineligible homes. Columns (3) and (4) consider the noise effect under the first abatement program prior to 2007, and columns (5) and (6) isolate the effect under the second abatement program. Lastly, the results given in columns (7) and (8) illustrate the full sample noise effects simultaneously differentiating across abatement ineligible and eligible homes under both policy regimes.
↵* p < 0.1;
↵** p < 0.05;
↵*** p < 0.01.
Dependent Variable Naïve Specification 1992 Abatement 2008 Abatement 1992 and 2008 Abatement Δln(Pi,t+τ) (1) (2) (3) (4) (5) (6) (7) (8) (Ni,t+τ−Ni,t+τ−1)(ΔdB DNL) 0.002
(0.003)0.003
(0.003)−0.025***
(0.006)−0.022***
(0.007)−0.022***
(0.007)−0.021***
(0.007)−0.022***
(0.007)−0.021***
(0.007)(Ni,t+τ−1−Ni,t+τ−2)(ΔdB DNL) 0.002
(0.004)0.002
(0.004)−0.020***
(0.006)−0.018***
(0.006)−0.020***
(0.006)−0.020***
(0.007)−0.020***
(0.006)−0.020***
(0.007)(Ni,t+τ−2−Ni,t+τ−3)(ΔdB DNL) −0.002
(0.004)−0.002
(0.004)−0.023**
(0.011)−0.022**
(0.010)−0.024**
(0.011)−0.024**
(0.011)−0.023**
(0.011)−0.024**
(0.011)(Ni,t+τ−3Ni,t)(ΔdB DNL) −0.007*
(0.004)−0.007*
(0.004)−0.012*
(0.006)−0.010*
(0.006)−0.016**
(0.007)−0.016**
(0.007)−0.016**
(0.007)−0.016**
(0.007)0.033***
(0.012)0.030***
(0.011)0.032***
(0.008)0.031***
(0.008)0.024**
(0.011)0.023**
(0.010)0.028***
(0.008)0.029***
(0.008)0.031**
(0.014)0.030**
(0.013)0.028**
(0.012)0.028**
(0.012)0.015*
(0.008)0.014*
(0.007)0.012
(0.008)0.012
(0.008)0.051***
(0.014)0.049***
(0.014)0.050***
(0.013)0.048***
(0.014)0.041***
(0.010)0.039***
(0.011)0.040***
(0.010)0.038***
(0.010)0.042***
(0.013)0.041***
(0.012)0.042***
(0.012)0.041***
(0.012)0.014*
(0.008)0.014*
(0.008)0.015*
(0.008)0.015*
(0.008)Observations 46477 46477 34273 34273 43034 43034 46477 46477 Adjusted R-squared 0.677 0.681 0.705 0.709 0.672 0.676 0.678 0.682 Note: All regressions include time-of-sale fixed effects. Regressions reported in even columns include socio-economic control variables.Standard errors are clustered at the block-group level. Columns (1) and (2) give the naive specification treating all homes identically, whereas columns (3) through (8) differentiate between abatement eligible and ineligible homes. Columns (3) and (4) consider the first abatement program prior to 2007, whereas columns (5) and (6) isolate the second abatement program. Columns (7) and (8) illustrate the full sample noise effects simultaneously differentiating across abatement ineligible and eligible homes under both policy regimes.
↵* p < 0.1;
↵** p < 0.05;
↵*** p < 0.01.
In this issue
Jump to section
Related Articles
Cited By...
- No citing articles found.