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Do School Shootings Erode Property Values?

Author

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  • Juan S. MUNOZ-MORALES

    (IESEG School of Management, Univ. Lille, CNRS, UMR 9221 - LEM - Lille Économie Management, F-59000 Lille, France)

  • Ruchi SINGH

    (University of Georgia)

Abstract

This paper exploits the exogenous timing of mass shootings in schools to estimate the causal effects of school shootings on housing values and sheds light on the underlying mechanism. Using a difference-in-differences strategy, we find that house prices within a school district decline by seven percent after a school shooting, with stronger effects among houses with more bedrooms (proxy for school-age children in household). We also find evidence of a decrease in school enrollment and the number of teachers after the shooting. This suggests that decreased demand for schools within the affected school districts explains the drop in property prices

Suggested Citation

  • Juan S. MUNOZ-MORALES & Ruchi SINGH, 2021. "Do School Shootings Erode Property Values?," Working Papers 2021-iFlame-01, IESEG School of Management.
    • Handle: RePEc:ies:wpaper:e202111
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    References listed on IDEAS

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    Cited by:

    1. Ubaldi, Michele & Picchio, Matteo, 2024. "In the Wrong Place at the Wrong Time: The Impact of Mass Shooting Exposure on Mental Health," IZA Discussion Papers 17388, Institute of Labor Economics (IZA).

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    More about this item

    Keywords

    : Mass shooting; house prices; schooling amenities; crime;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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