Discrimination and sorting in the real estate market: Evidence from terrorist attacks and mosques
研究了9/11恐怖袭击后美国清真寺附近房价下跌5%,以及中东和北非家庭更倾向于在清真寺附近定居的现象,表明歧视和分类行为加剧。
I evaluate the impact of Islamist terrorist attacks, taken as exogenous shocks which may change individual perceptions towards Middle Easterners and Muslims, on the real-estate market. Using detailed property-level transactions data, I find that US property prices immediately near mosques fell by 5% in the two years following 9/11. I find little evidence of changes in the number of transactions, but an increase of up to 30% in the fraction of Middle Eastern and North African households locating near mosques, indicating increased ethnic and religious sorting from 9/11. Additional evidence suggests that price decreases across areas are in line with increased prejudice.