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作者

Juan Muñoz-Morales;Ruchi Singh

来源

REGIONAL SCIENCE AND URBAN ECONOMICS,Vol.98,Issue1,P.

语言

英文

关键字

作者单位

IESEG School of Management, Univ. Lille, CNRS, UMR 9221 - LEM - Lille Économie Management, F-59000 Lille, France;University of Georgia, United States of America;IESEG School of Management, Univ. Lille, CNRS, UMR 9221 - LEM - Lille Économie Management, F-59000 Lille, France;University of Georgia, United States of America;Department of Real Estate, University of Illinois at Chicago, 601 S. Morgan St. (MC 168), Chicago, IL 60607, United States;Department of Insurance, Legal Studies & Real Estate, University of Georgia, 610 S. Lumpkin St., Athens, GA, 30602, United States;Deakin University, Department of Finance, Burwood, VIC, 3125, Australia;The University of Sydney, NHMRC Clinical Trial Centre, 92 Parramatta Rd, Camperdown NSW 2050, Australia;Univ. Gustave Eiffel, UPEC, ERUDITE (EA 437), TEPP (FR 2042), F-77454, Marne-La-Vallée, France;Univ. Paris-Est Créteil, UGE, ERUDITE (EA 437), TEPP (FR 2042), 61 Avenue du Général de Gaulle, F-94000, Créteil, France;University of Haifa;Bank of Israel;Congressional Budget Office, United States of America;University of Piraeus, Economics Department, 80 Karaoli & Dimitriou Strs., 185 34, Greece

摘要

We examine how residential property values are impacted by school shootings, which are crimes that have a very low probability of being repeated in the same location. We exploit the exogenous timing of eleven mass shootings that took place between 1998 and 2014, and use a difference-in-differences framework to estimate the causal effect of these school shootings on property values in the affected school attendance area. We find that house prices decline by an average of around 2.4 percent over the four-year period after a mass school shooting. We also find that enrollment falls in the affected school district, suggesting that families subsequently avoid schools in areas that have experienced such events.