RT Journal Article
SR Electronic
T1 Data Practices for Studying the Impacts of Environmental Amenities and Hazards with Nationwide Property Data
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 102122-0090R
DO 10.3368/le.100.1.102122-0090R
A1 Nolte, Christoph
A1 Boyle, Kevin J.
A1 Chaudhry, Anita
A1 Clapp, Christopher
A1 Guignet, Dennis
A1 Hennighausen, Hannah
A1 Kushner, Ido
A1 Liao, Yanjun
A1 Mamun, Saleh
A1 Pollack, Adam
A1 Richardson, Jesse
A1 Sundquist, Shelby
A1 Swedberg, Kristen
A1 Uhl, Johannes H.
YR 2023
UL http://le.uwpress.org/content/early/2023/06/09/le.100.1.102122-0090R.abstract
AB We discuss data quality and modeling issues inherent in the use of nationwide property data to value environmental amenities. By example of ZTRAX, a U.S.-wide real estate database, we identify challenges and propose guidance for: (1) the identification of arm’s-length sales, (2) the geo-location of parcels and buildings, (3) temporal linkages between transaction, assessor, and parcel data, (4) the identification of property types, such as single-family homes and vacant lands, and (5) dealing with missing or mismeasured data for standard housing attributes. We review current practice and show that how researchers address these issues can meaningfully influence research findings.