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Do School Shootings Erode Property Values?

Juan Munoz-Morales and Ruchi Singh ()
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Ruchi Singh: University of Georgia

Working Papers from IESEG School of Management

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

Keywords: : Mass shooting; house prices; schooling amenities; crime (search for similar items in EconPapers)
JEL-codes: I21 R21 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2021-09
New Economics Papers: this item is included in nep-ure
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Journal Article: Do school shootings erode property values? (2023) Downloads
Working Paper: Do school shootings erode property values? (2023)
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