Fear of Crime and Housing Prices: Household Reactions to Sex Offender Registries

doi:10.1016/J.JUE.2008.07.001

Paper

Fear of Crime and Housing Prices: Household Reactions to Sex Offender Registries

Published Jun 30, 2008 · Jaren C. Pope

Microeconomic Theory eJournal

UNKNOWN SJR score

265

Citations

35

Influential Citations

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Abstract

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Study Snapshot

Households use and misinterpret public information on sex offenders, leading to a 2.3% decrease in nearby housing prices when a sex offender moves into a neighborhood, but prices rebound immediately when the offender leaves.

PopulationOlder adults (50-71 years)

Sample size24

MethodsObservational

OutcomesBody Mass Index projections

ResultsSocial networks mitigate obesity in older groups.

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Paper

Fear of Crime and Housing Prices: Household Reactions to Sex Offender Registries

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References

There Goes the Neighborhood? Estimates of the Impact of Crime Risk on Property Values from Megan's Laws

Living near a sex offender lowers property values by 4% on average, with the effect varying with distance, and the costs to victims of sexual offenses can be over $1 million per victim.

Sex offender notification and fear of victimization

Sex offender notification is significantly related to personal fear, but not altruistic fear, with notification being related to sexual victimization.

Risk as Analysis and Risk as Feelings: Some Thoughts about Affect, Reason, Risk, and Rationality

Rational decision-making requires proper integration of both rational and experiential systems, requiring creative thinking to manage risk effectively.

Does Air Quality Matter? Evidence from the Housing Market

The Clean Air Act's nonattainment status in nonattainment counties led to a $45 billion increase in housing values between 1970 and 1980 due to reduced air pollution.

Identification and Estimation of Hedonic Models

Hedonic models can be identified and estimated using demand and supply data in a single market, despite previous literature suggesting underidentification.

Citations

The impact of crime on housing prices in Spain during the recovery period in the real estate sector following the 2008 economic crisis

Increased crime in Spain negatively impacts housing prices, with robbery with violence and burglary with forced entry having the greatest negative impact, while squatting has an immediate effect.

Residents’ willingness to pay to avoid crime

Residents are willing to pay between 7% and 18% of house valuations to avoid crime, with market liquidity playing a crucial role in assessing the impact of crime on the real estate market.

The Value of Sustainable Property Management in Real Estate: Evidence From Hong Kong

Sustainable property management in Hong Kong positively impacts housing prices, with home buyers and non-local buyers willing to pay a premium for better social and governance performance.

The Welfare Value of Freshness: A Hedonic Price Analysis in the Retail Seafood Market in Japan

In Japan, horse mackerel has a significant marginal willingness to pay for freshness, leading to a 10.75% increase in price, while sardines show no significant freshness premium.

Localized effects of confiscated and re-allocated real estate mafia assets

Convictions of mafia-related crimes in Italy lead to negative effects on property values, while re-allocations boost them, mainly in mafia strongholds.