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

David M. Vetter, Kaizô I. Beltrão and Rosa M. R. Massena

No IDB-WP-415, Research Department Publications from Inter-American Development Bank, Research Department

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.

JEL-codes: C83 R23 R31 (search for similar items in EconPapers)
Date: 2013-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.iadb.org/research/pub_hits.cfm?pub_id=37857917 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.iadb.org/research/pub_hits.cfm?pub_id=37857917 [301 Moved Permanently]--> https://www.iadb.org/research/pub_hits.cfm?pub_id=37857917)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:idb:wpaper:idb-wp-415

Access Statistics for this paper

More papers in Research Department Publications from Inter-American Development Bank, Research Department Contact information at EDIRC.
Bibliographic data for series maintained by Felipe Herrera Library ().