The property value premium of a place of worship

Eric Thompson, Roger B. Butters, Benjamin T. Schmitz

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

Using a unique data set of residential housing values, we improve on previous hedonic pricing and event studies literature to estimate the amenity effects of a new religious structure on local property values. We improve on previous research by extending our analysis with a pre- and post-treatment model. Using a pre- and post-treatment model, we do not find that the religious structure that we examined influenced the value of surrounding properties in the period after its completion. The results suggest that previous research using only post-completion data may mischaracterize the amenity effects of religious structures.

Original languageEnglish (US)
Pages (from-to)215-222
Number of pages8
JournalContemporary Economic Policy
Volume30
Issue number2
DOIs
StatePublished - Apr 1 2012

Fingerprint

premium
Values
pricing
housing
event
Value premium
Property values
Pretreatment
Amenities

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics and Econometrics
  • Public Administration

Cite this

The property value premium of a place of worship. / Thompson, Eric; Butters, Roger B.; Schmitz, Benjamin T.

In: Contemporary Economic Policy, Vol. 30, No. 2, 01.04.2012, p. 215-222.

Research output: Contribution to journalArticle

Thompson, Eric ; Butters, Roger B. ; Schmitz, Benjamin T. / The property value premium of a place of worship. In: Contemporary Economic Policy. 2012 ; Vol. 30, No. 2. pp. 215-222.
@article{4651936d91c3469399533ba24f4561cb,
title = "The property value premium of a place of worship",
abstract = "Using a unique data set of residential housing values, we improve on previous hedonic pricing and event studies literature to estimate the amenity effects of a new religious structure on local property values. We improve on previous research by extending our analysis with a pre- and post-treatment model. Using a pre- and post-treatment model, we do not find that the religious structure that we examined influenced the value of surrounding properties in the period after its completion. The results suggest that previous research using only post-completion data may mischaracterize the amenity effects of religious structures.",
author = "Eric Thompson and Butters, {Roger B.} and Schmitz, {Benjamin T.}",
year = "2012",
month = "4",
day = "1",
doi = "10.1111/j.1465-7287.2011.00255.x",
language = "English (US)",
volume = "30",
pages = "215--222",
journal = "Contemporary Economic Policy",
issn = "1074-3529",
publisher = "Wiley-Blackwell",
number = "2",

}

TY - JOUR

T1 - The property value premium of a place of worship

AU - Thompson, Eric

AU - Butters, Roger B.

AU - Schmitz, Benjamin T.

PY - 2012/4/1

Y1 - 2012/4/1

N2 - Using a unique data set of residential housing values, we improve on previous hedonic pricing and event studies literature to estimate the amenity effects of a new religious structure on local property values. We improve on previous research by extending our analysis with a pre- and post-treatment model. Using a pre- and post-treatment model, we do not find that the religious structure that we examined influenced the value of surrounding properties in the period after its completion. The results suggest that previous research using only post-completion data may mischaracterize the amenity effects of religious structures.

AB - Using a unique data set of residential housing values, we improve on previous hedonic pricing and event studies literature to estimate the amenity effects of a new religious structure on local property values. We improve on previous research by extending our analysis with a pre- and post-treatment model. Using a pre- and post-treatment model, we do not find that the religious structure that we examined influenced the value of surrounding properties in the period after its completion. The results suggest that previous research using only post-completion data may mischaracterize the amenity effects of religious structures.

UR - http://www.scopus.com/inward/record.url?scp=84859649999&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84859649999&partnerID=8YFLogxK

U2 - 10.1111/j.1465-7287.2011.00255.x

DO - 10.1111/j.1465-7287.2011.00255.x

M3 - Article

AN - SCOPUS:84859649999

VL - 30

SP - 215

EP - 222

JO - Contemporary Economic Policy

JF - Contemporary Economic Policy

SN - 1074-3529

IS - 2

ER -