prices and that airport-related noise is associated with lower prices. Relative to this latter result, estimates are … reflects the limitations of the underlying noise contours. Over time, houses in the neighborhoods near the airport have been … subjected to less airport-related noise. Evidence is presented consistent with this explanation"--Federal Reserve Bank of St …

Using individual house sale data and the release of an airport noise contour map, the relationship between airport … which is likely attributable to a range of externalities from the nearby airport including airport noise. Results are robust … proxy for the effects of airport noise. …