The cost of avoiding crime: the case of Bogota

Thumbnail
Borradores de Economía; No. 508
Date published
2008-04-15
Date of last update
2008-04-15
Author
Gaviria, Alejandro
Medina-Durango, Carlos Alberto
Morales-Zurita, Leonardo Fabio
Nuñez-Méndez, Jairo
Document language
spa
Metadata
Show full item record
Alternative metrics
Downloads
Abstract views

Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
We use hedonic price models to estimate the value households are willing to pay to avoid violent crime in the city of Bogotá. We find that households living in the highest socioeconomic level (stratum 6) pay up to 7.2% of their house values in order to pr
JEL Codes
K42 - Illegal Behavior and the Enforcement of LawR21 - Housing DemandK40 - Legal Procedure, the Legal System, and Illegal Behavior: General
Keywords
Housing demand ; Crime ; Illegal behavior ; Law enforcement ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5525
https://hdl.handle.net/20.500.12134/5525
https://doi.org/10.32468/be.508
https://ideas.repec.org/p/bdr/borrec/508.html
Collections
Seleccionar año de consulta:
This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit