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Foreclosure, vacancy and crime

Author: Lin Cui; Randall P Walsh; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2014.
Series: Working paper series (National Bureau of Economic Research), no. 20593.
Edition/Format:   eBook : Document : EnglishView all editions and formats
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  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Lin Cui; Randall P Walsh; National Bureau of Economic Research,
OCLC Number: 894917514
Notes: "October 2014"
Description: 1 online resource (29 pages) : illustrations, maps.
Series Title: Working paper series (National Bureau of Economic Research), no. 20593.
Responsibility: Lin Cui, Randall Walsh.

Abstract:

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.

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