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Is there a diminishing value of urban amenities as a result of the Covid-19 pandemic?

Author

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  • van Vuuren, Aico

    (Department of Economics, School of Business, Economics and Law, Göteborg University)

Abstract
We investigate whether the Covid-19 pandemic decreased the willingness to pay for urban amenities such as restaurants, cinemas and theaters. We do this by using a hedonic pricing model in combination with a time-gradient difference-in-difference approach. We use a data set that contains virtually all apartments for sale in the larger Stockholm area. We use a very detailed and exible definition of density of urban amenities based on the exact location of these amenities and the walking distance from the apartments to these amenities. We find a decrease of 1.9 percent of apartments that we label as amenity rich.

Suggested Citation

  • van Vuuren, Aico, 2022. "Is there a diminishing value of urban amenities as a result of the Covid-19 pandemic?," Working Papers in Economics 818, University of Gothenburg, Department of Economics.
    • Handle: RePEc:hhs:gunwpe:0818
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    References listed on IDEAS

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    More about this item

    Keywords

    Covid-19; urban economics; amenities;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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