Foreclosure, Vacancy and Crime / Lin Cui, Randall Walsh.

Format:

Book

Author/Creator:

Cui, Lin.

Contributor:

National Bureau of Economic Research.

Walsh, Randall.

Series:

Working Paper Series (National Bureau of Economic Research) no. w20593.

NBER working paper series no. w20593

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2014.

Summary:

This paper examines the impact of residential foreclosures and vacancies on violent and property crime. To overcome confounding factors, a difference-in-difference research design is applied to a unique data set containing geocoded foreclosure and crime data from Pittsburgh, Pennsylvania. Results indicate that while foreclosure alone has no effect on crime, violent crime rates increase by roughly 19% once the foreclosed home becomes vacant -an effect that increases with length of vacancy. We find weak evidence suggesting a potential vacancy effect for property crime that is much lower in magnitude.

Notes:

Print version record

October 2014.