The Costs of Urban Property Crime

Dados Bibliográficos

ID9703513
AutoresSteve Gibbons (London School of Economics and Political Science), Stephen Gibbons (0000-0002-2871-8562, London School of Economics and Political Science, autor correspondente)
Ano2004
Volume114
Fascículo499
PáginasF441-F463
Data de publicação2004-11-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoThe Economic Journal (JOURNAL)
Identificadores do periódicoISSN: 0013-0133 • E-ISSN: 1468-0297
EditoraOxford University Press (OUP) (PUBLISHER)
DOI10.1111/j.1468-0297.2004.00254.x
OpenAlexW2045938752
IdiomaEN
Citações recebidas73
Referências citadas18

This paper estimates the impact of recorded domestic property crime on property prices in the London area. Crimes in the Criminal Damage category have a significant negative impact on prices. Burglaries have no measurable impact on prices, even after allowing for the potential dependence of burglary rates on unobserved property characteristics. A one-tenth standard deviation decrease in the local density of criminal damage adds 1 per cent to the price of an average Inner London property. One explanation we offer here is that vandalism, graffiti and other forms of criminal damage motivate fear of crime in the community and may be taken as signals or symptoms of community instability and neighbourhood deterioration in general

Criminology · Economics · Graffiti · Neighbourhood (mathematics · Property (philosophy · Property crime · Property value · Sociology · Violent crime · Crime Patterns and Interventions · Crime, Illicit Activities, and Governance · Finance · Mathematics · Public Spaces through Art