Ajzenman, Nicolás; Galiani, Sebastián; Seira, Enrique - Inter-American Development Bank - 2014
drug-related homicides on housing prices. Using an unusually rich dataset that provides national coverage on housing prices … poor. An increase in homicides equivalent to one standard deviation leads to a 3 percent decrease in low-income housing … prices. Moreover, the effect on housing prices of long-term increases in crime is 40 percent larger. …