Cookies?
Library Header Image
LSE Research Online LSE Library Services

The costs of urban property crime

Gibbons, Steve (2003) The costs of urban property crime. CEPDP, 574. Centre for Economic Performance, London School of Economics and Political Science, London, UK. ISBN 0753016338

[img]
Preview
PDF
Download (1089Kb) | Preview

Abstract

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

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 2003 Steve Gibbons
Library of Congress subject classification: H Social Sciences > HN Social history and conditions. Social problems. Social reform
Journal of Economic Literature Classification System: R - Urban, Rural, and Regional Economics > R2 - Household Analysis > R21 - Housing Demand
C - Mathematical and Quantitative Methods > C3 - Econometric Methods: Multiple; Simultaneous Equation Models; Multiple Variables; Endogenous Regressors > C31 - Cross-Sectional Models; Spatial Models; Treatment Effect Models
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Geography and Environment
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 574
Date Deposited: 28 Jul 2008 15:01
URL: http://eprints.lse.ac.uk/20043/

Actions (login required)

Record administration - authorised staff only Record administration - authorised staff only