Direkt zum Inhalt

15. April 2015

BeNA - Seminar für Arbeitsmarktforschung

The Welfare Economics of Heritage Conservation Areas: Quality of Life vs. Housing Productivity

Termin

15. April 2015
6.15-7.30 pm

Ort

Humboldt Universität
Raum 23

Sprecher*innen

Sevrin Waights (LSE)

Abstract: Using a unique panel dataset for English cities I investigate the welfare impact of heritage conservation areas that protect historic districts by regulating development. I estimate a housing cost function and find that conservation area designation over 1997-2007 significantly increased house prices by reducing productivity. In a second step, I construct a quality of life index and regress it on the predicted productivity effects of designation. The quality of life effect is significant and outweighs the housing productivity effect, implying that designation is welfare improving. These results are robust to instrumentation using a Bartik-type instrument based on housing build date.

Kontakt

keyboard_arrow_up