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| dc.title | On the Distributive Costs of Drug-Related Homicides |
| dc.contributor.author | Ajzenman, Nicolás |
| dc.contributor.author | Galiani, Sebastián |
| dc.contributor.author | Seira, Enrique |
| dc.contributor.orgunit | Department of Research and Chief Economist |
| dc.coverage | Mexico |
| dc.date.available | 2014-01-09T00:00:00 |
| dc.date.issue | 2014-01-08T00:00:00 |
| dc.description.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. |
| dc.format.extent | 41 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0011531 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/On-the-Distributive-Costs-of-Drug-Related-Homicides.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Poverty |
| dc.subject | Homicide |
| dc.subject | Housing |
| dc.subject | Crime and Violence |
| dc.subject.jelcode | I3 - Welfare, Well-Being, and Poverty |
| dc.subject.jelcode | K4 - Legal Procedure, the Legal System, and Illegal Behavior |
| dc.type | Working Papers |
| idb.identifier.pubnumber | Working Papers |
| idb.operation | RG-K1198 |