Randolph Kinney
Elite Member
- Joined
- Apr 7, 2005
- Professional Status
- Retired Appraiser
- State
- North Carolina
There Goes the Neighborhood?
Here is the link to the full study and paper published in PDF format:
http://www0.gsb.columbia.edu/faculty/jrockoff/Leigh_Rockoff_Megans_Law_Apr_2006.pdf
Here is the link to the full study and paper published in PDF format:
http://www0.gsb.columbia.edu/faculty/jrockoff/Leigh_Rockoff_Megans_Law_Apr_2006.pdf
The results of this paper suggest that individuals show a significant distaste for living in close proximity to a convicted criminal.
These results are a significant improvement upon the existing literature because we are able to exploit a quasi-random process that introduces a convicted criminal into a very specific geographic area. We then use both cross-sectional and time series variation in values of homes sales in the specific locations in which an offender chooses to live. This allows us to identify the causal relationship between the risk of crime and changes in property values than previous studies that rely either only on cross sectional variation in risk (Larsen et al., 2003) or those that use panels of crime statistics in aggregate geographic areas.