DOES HOMEOWNERSHIP REDUCE CRIME? A RADICAL HOUSING REFORM FROM THE UK

R. Disney; J. Gathergood; S. Machin; Matteo Carlo Maria Sandi

doi:10.1093/ej/uead040

DOES HOMEOWNERSHIP REDUCE CRIME? A RADICAL HOUSING REFORM FROM THE UK

R. Disney
, J. Gathergood
, S. Machin
, Matteo Carlo Maria Sandi^*

^*Autore corrispondente per questo lavoro

University of Sussex
University of Nottingham
The London School of Economics and Political Science

Risultato della ricerca: Contributo in rivista › Articolo

Abstract

‘Right to Buy’, a large-scale natural experiment whereby incumbent tenants in public housing could buy properties at heavily subsidised prices, increased the United Kingdom homeownership rate by over 10 percentage points between its 1980 introduction and the 1990s. This paper studies the impact of this reform on crime by leveraging exogenous variation in eligibility for the policy. Results show that Right to Buy generated significant property crime reductions. Behavioural changes of incumbent tenants and renovation of public properties were the main drivers of this crime reduction. This is evidence of a novel means by which subsidised homeownership and housing policy can reduce criminality.

Lingua originale	Inglese
pagine (da-a)	2640-2675
Numero di pagine	36
Rivista	Economic Journal
Volume	133
Numero di pubblicazione	655
DOI	https://doi.org/10.1093/ej/uead040
Stato di pubblicazione	Pubblicato - 2023

OSS delle Nazioni Unite

Questo processo contribuisce al raggiungimento dei seguenti obiettivi di sviluppo sostenibile

SDG 11 Città e comunità sostenibili
SDG 16 Pace, giustizia e istituzioni solide

All Science Journal Classification (ASJC) codes

Economia ed Econometria

Keywords

Homeownership
crime.

Accesso al documento

10.1093/ej/uead040

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abstract = "{\textquoteleft}Right to Buy{\textquoteright}, a large-scale natural experiment whereby incumbent tenants in public housing could buy properties at heavily subsidised prices, increased the United Kingdom homeownership rate by over 10 percentage points between its 1980 introduction and the 1990s. This paper studies the impact of this reform on crime by leveraging exogenous variation in eligibility for the policy. Results show that Right to Buy generated significant property crime reductions. Behavioural changes of incumbent tenants and renovation of public properties were the main drivers of this crime reduction. This is evidence of a novel means by which subsidised homeownership and housing policy can reduce criminality.",

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AB - ‘Right to Buy’, a large-scale natural experiment whereby incumbent tenants in public housing could buy properties at heavily subsidised prices, increased the United Kingdom homeownership rate by over 10 percentage points between its 1980 introduction and the 1990s. This paper studies the impact of this reform on crime by leveraging exogenous variation in eligibility for the policy. Results show that Right to Buy generated significant property crime reductions. Behavioural changes of incumbent tenants and renovation of public properties were the main drivers of this crime reduction. This is evidence of a novel means by which subsidised homeownership and housing policy can reduce criminality.

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DOES HOMEOWNERSHIP REDUCE CRIME? A RADICAL HOUSING REFORM FROM THE UK

Abstract

OSS delle Nazioni Unite

All Science Journal Classification (ASJC) codes

Keywords

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