The costs of urban property crime

• 成果类型: Article; Proceedings Paper
• 署名作者: Gibbons, S
• 署名单位: University of London; London School Economics & Political Science
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/j.1468-0297.2004.00254.x
• 发表日期: 2004
• 页码: F441-F463
• 关键词: impact; fear

摘要

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. A one-tenth standard deviation decrease in the local density of criminal damage adds 1% to the price of an average Inner London property. Burglaries have no measurable impact on prices, even after allowing for the potential dependence of burglary rates on unobserved property characteristics. 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.