@misc{11392,
title = {On the Distributive Costs of Drug-Related Homicides},
author = {Ajzenman, Nicolás and Galiani, Sebastián and Seira, Enrique},
year = {2014},
doi = {10.18235/0011531},
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.},
url = {https://doi.org/10.18235/0011531}
}