On the Distributive Costs of Drug-Related Homicides

Nicolas Ajzenman, Sebastian Galiani and Enrique Seira

No 4766, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: There are few reliable estimates of the effects of violence on economic outcomes. This study exploits the manifold increase in homicides in 2008-2011 in Mexico resulting from its war on organized drug traffickers to estimate the effect of drug-related homicides on housing prices. Using an unusually rich dataset that provides national coverage on housing prices and homicides and exploits within-municipality variation, the study finds that the burden of violence affects only the poor. An increase in homicides equivalent to one standard deviation leads to a 3 percent decrease in low-income housing prices. Moreover, the effect on housing prices of long-term increases in crime is 40 percent larger.

JEL-codes: I3 K4 (search for similar items in EconPapers)
Date: 2014-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://publications.iadb.org/publications/english ... elated-Homicides.pdf (application/pdf)

Related works:
Journal Article: On the Distributive Costs of Drug-Related Homicides (2015)
Working Paper: On the Distributive Costs of Drug-Related Homicides (2014)
Working Paper: On the Distributive Costs of Drug-Related Homicides (2014)
Working Paper: On the Distributive Costs of Drug-Related Homicides (2014)
Working Paper: On the Distributive Costs of Drug-Related Homicides (2014)
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:brikps:4766

Access Statistics for this paper

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