Linden, Leigh; Rockoff, Jonah E. - In: American Economic Review 98 (2008) 3, pp. 1103-27
We estimate the willingness to pay for reductions in crime risk using the location and move-in dates of sex offenders. We find significant effects of sex offenders' locations that are geographically localized. House prices within 0.1 miles of a sex offender fall by 4 percent on average. We then...