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dc.titleThe Impact of the Sense of Security from Crime on Residential Property Values in Brazilian Metropolitan Areas
dc.contributor.authorMassena, Rosa M. R.
dc.contributor.authorBeltrão, Kaizô I.
dc.contributor.authorVetter, David M.
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageBrazil
dc.date.available2013-09-20T00:00:00
dc.date.issue2013-06-25T00:00:00
dc.description.abstractUsing 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.
dc.format.extent68
dc.identifier.doihttp://dx.doi.org/10.18235/0011493
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Impact-of-the-Sense-of-Security-from-Crime-on-Residential-Property-Values-in-Brazilian-Metropolitan-Areas.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectUrban Development
dc.subjectCitizen Security and Crime Prevention
dc.subjectHousing
dc.subject.jelcodeC83 - Survey Methods • Sampling Methods
dc.subject.jelcodeR23 - Regional Migration • Regional Labor Markets • Population • Neighborhood Characteristics
dc.subject.jelcodeR31 - Housing Supply and Markets
dc.subject.keywordsSense of security, Crime, Hedonic residential rent model
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-K1198
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