Replication data for: Estimates of the Impact of Crime Risk on Property Values from Megan's Laws
Principal Investigator(s): View help for Principal Investigator(s) Leigh Linden; Jonah E. Rockoff
Version: View help for Version V1
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application/zip | 6.9 MB | 10/12/2019 04:21:AM |
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application/zip | 16.6 KB | 10/12/2019 04:21:AM |
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Project Citation:
Linden, Leigh, and Rockoff, Jonah E. Replication data for: Estimates of the Impact of Crime Risk on Property Values from Megan’s Laws. Nashville, TN: American Economic Association [publisher], 2008. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113243V1
Project Description
Summary:
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We estimate the willingness to pay for reductions in crime risk using the location and move-in dates of sex offenders. We find significant effects of sex offenders' locations that are geographically localized. House prices within 0.1 miles of a sex offender fall by 4 percent on average. We then use this finding to estimate the costs to victims of sexual offenses, and find costs of over $1 million per victim--far greater than previous estimates. However, we cannot reject the alternative hypotheses that individuals overestimate risks posed by offenders or that living near an offender poses significant costs exclusive of crime risk.
Scope of Project
JEL Classification:
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K42 Illegal Behavior and the Enforcement of Law
R31 Housing Supply and Markets
R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
K42 Illegal Behavior and the Enforcement of Law
R31 Housing Supply and Markets
R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
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