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Traffic calming and neighborhood livability: Evidence from housing prices in Portland

机译：交通放宽和社区宜居性：来自波特兰房价的证据

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This paper examines the impact of traffic calming on the livability of urban residential streets. Using georeferenced data on the installation of 1187 calming devices in Portland (OR), I test whether the interventions locally affect housing prices during succeeding years. I provide reduced-form evidence that city dwellers pay significant premiums to limit their exposure to motor vehicles, but obtain mixed results regarding the overall price impacts of calming devices. My estimates suggest that only the most effective traffic calming measures have a detectable impact on housing prices. The implied traffic flow elasticity is -0.07: projects decreasing traffic by 16% raise home values on treated streets by 1%.
机译：本文研究了交通平静对城市住宅街道宜居性的影响。利用在波特兰（OR）安装1187个镇静设备的地理参考数据，我测试了接下来几年当地干预是否会影响房价。我提供的简化形式的证据表明，城市居民为限制其接触机动车而支付高额保险费，但在镇静装置的总体价格影响方面却得出了不同的结果。我的估计表明，只有最有效的交通平息措施才能对房价产生可察觉的影响。隐含的交通流弹性为-0.07：将交通量减少16％的项目将经过处理的街道上的房屋价值提高1％。

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