Foreclosure, Vacancy and Crime
24 Pages Posted: 3 Mar 2011
Date Written: November 1, 2010
This paper examines the impact of residential foreclosures and vacancies on violent and property crime. To overcome confounding factors, a difference-in-difference research design is applied to a unique data set containing geocoded foreclosure and crime data from Pittsburgh, Pennsylvania. Results indicate that while foreclosure alone has no effect on crime, violent crime increases by more than 15% once the foreclosed home becomes vacant. Effects on property crime are similar, but less precisely estimated.
Keywords: Foreclosure, Vacancy, Crime
JEL Classification: R00, R10
Suggested Citation: Suggested Citation