Potential crime risk and housing market responses

• Main Authors: KIM, Seonghoon, LEE, Kwan Ok
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2018
• Subjects: Crime risk Megan's law; Housing price; Spatial context; Social connectedness; Behavioral Economics; Real Estate; Urban Studies and Planning
• Online Access: https://ink.library.smu.edu.sg/soe_research/2223; https://ink.library.smu.edu.sg/context/soe_research/article/3222/viewcontent/1_s2.0_S0094119018300718_main.pdf
• Institution: Singapore Management University

We study how information on local (dis)amenities is transmitted and manifested in housing markets. Using nationwide data on multifamily homes in South Korea, we analyze heterogeneity in the effect of a sex offender's presence on sale prices and rents of nearby homes. Our results demonstrate tha...