@TechReport{iza:izadps:dp15025, author={Vuuren, Aico van}, title={Is There a Diminishing Value of Urban Amenities as a Result of the COVID-19 Pandemic?}, year={2022}, month={Jan}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={15025}, url={https://www.iza.org/publications/dp15025}, 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 flexible 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.}, keywords={COVID-19;urban economics;amenities}, }