The Cost of Avoiding Crime

Gaviría, Alejandro; Morales, Leonardo Fabio; Núñez, Jairo

doi:10.7208/chicago/9780226153766.003.0004

Cited by 9 publications

(1 citation statement)

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“…Dealing with perceptions of the risk of crime victimization rather than risk per se can be challenging, as illustrated by a study in Bogota (Gaviria et al, 2008): "households who report feeling safe in their neighborhoods pay less rent for their houses. .…”

Section: Studies Of the Sense Of Security From Crime And Crime Victimmentioning

confidence: 99%

The Impact of the Sense of Security from Crime on Residential Property Values in Brazilian Metropolitan Areas

Massena¹,

Beltrão

Vetter³

2013

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. 1 Abstract * Using a hedonic residential rent model for Brazil's metropolitan areas calibrated with microdata from Brazil's annual household survey, this study estimates that increasing the sense of security in the home by one standard deviation would increase average home values by R$1,513 (US$757), or about US$13.6 billion if applied to all 18.0 million households in the study area. The principal components analysis of sense of security and crime victimization variables indicates that higher-income households feel more secure from crime in the home, even though theft and robbery victimization rise with household income and rent level. Higher levels of home protection measures by higher-income households partially explain this result. Terms of use: Documents inJEL classifications: C83, R23, R31

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Section: Studies Of the Sense Of Security From Crime And Crime Victimmentioning

confidence: 99%