IDEAS home Printed from https://ideas.repec.org/p/idb/brikps/4616.html
   My bibliography  Save this paper

The Impact of the Sense of Security from Crime on Residential Property Values in Brazilian Metropolitan Areas

Author

Listed:
  • Massena, Rosa M. R.
  • BeltraÞo, Kaizô I.
  • Vetter, David M.

Abstract

Using a hedonic residential rent model for Brazil's metropolitan areas calibrated with microdata from Brazil's annual household survey, this study estimates that increasing the sense of security in the home by one standard deviation would increase average home values by R$1,513 (US$757), or about US$13. 6 billion if applied to all 18.0 million households in the study area. The principal components analysis of sense of security and crime victimization variables indicates that higher-income households feel more secure from crime in the home, even though theft and robbery victimization rise with household income and rent level. Higher levels of home protection measures by higher-income households partially explain this result.

Suggested Citation

  • Massena, Rosa M. R. & BeltraÞo, Kaizô I. & Vetter, David M., 2013. "The Impact of the Sense of Security from Crime on Residential Property Values in Brazilian Metropolitan Areas," IDB Publications (Working Papers) 4616, Inter-American Development Bank.
  • Handle: RePEc:idb:brikps:4616
    as

    Download full text from publisher

    File URL: https://publications.iadb.org/publications/english/document/The-Impact-of-the-Sense-of-Security-from-Crime-on-Residential-Property-Values-in-Brazilian-Metropolitan-Areas.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hugo Castro Noblejas & Pierfrancesco De Paola & Jesús Vías Martínez, 2023. "Landscape Value in the Spanish Costa del Sol’s Real Estate Market: The Case of Marbella," Land, MDPI, vol. 12(5), pages 1-16, April.
    2. Daniel W. Gingerich & Virginia Oliveros, 2018. "Police Violence and the Underreporting of Crime," Economics and Politics, Wiley Blackwell, vol. 30(1), pages 78-105, March.
    3. Varios Autores, 2015. "Política criminal y “prevención”," Books, Universidad Externado de Colombia, Facultad de Derecho, edition 1, number 788, htpr_v3_i.

    More about this item

    Keywords

    Sense of security; Crime; Hedonic residential rent model;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idb:brikps:4616. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Felipe Herrera Library (email available below). General contact details of provider: https://edirc.repec.org/data/iadbbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.