Cui, Lin.
Foreclosure, Vacancy and Crime /
Lin Cui, Randall Walsh.
- Cambridge, Mass. National Bureau of Economic Research 2014.
- 1 online resource: illustrations (black and white);
- NBER working paper series no. w20593 .
- Working Paper Series (National Bureau of Economic Research) no. w20593. .
October 2014.
This paper examines the impact of residential foreclosures and vacancies on violent and property crime. To overcome confounding factors, a difference-in-difference research design is applied to a unique data set containing geocoded foreclosure and crime data from Pittsburgh, Pennsylvania. Results indicate that while foreclosure alone has no effect on crime, violent crime rates increase by roughly 19% once the foreclosed home becomes vacant -an effect that increases with length of vacancy. We find weak evidence suggesting a potential vacancy effect for property crime that is much lower in magnitude.
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