The cost of avoiding crime: the case of Bogota

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Borradores de Economía; No. 508

Date published

2008-04-15

Date

2008-04-15

Authors

Gaviria, Alejandro
Medina-Durango, Carlos Alberto
Morales-Zurita, Leonardo Fabio
Nuñez-Méndez, Jairo

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ISBN

Document language

spa
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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.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

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

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JEL Codes

K42 - Illegal Behavior and the Enforcement of Law
R21 - Housing Demand
K40 - Legal Procedure, the Legal System, and Illegal Behavior: General

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Keywords

Keywords

Housing demand , Crime , Illegal behavior , Law enforcement

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5525
 https://hdl.handle.net/20.500.12134/5525
 https://ideas.repec.org/p/bdr/borrec/508.html
 https://doi.org/10.32468/be.508

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Borradores de Economía

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

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