Donovan, Stuart; Graaff, Thomas de; Groot, Henri L. F. de; … - 2023
Using data for 134 locations in New Zealand, we study the effects of crime and agglomeration on urban amenity. We find that crime has significant negative effects on the value of urban amenity, with elasticities of approximately −0.06 for firms and −0.09 for workers. To put this effect in...