Does Homeownership Reduce Crime? A Radical Housing Reform from the UK

Autor:	Richard Disney, John Gathergood, Stephen Machin, Matteo Sandi
Rok vydání:	2021
Předmět:	Labour economics Crime reduction Natural experiment Public housing Housing reform Right to Buy Business Violent crime
Zdroj:	SSRN Electronic Journal.
ISSN:	1556-5068 0013-0133 1468-0297
Popis:	“Right to Buy” (RTB), a large-scale natural experiment by which incumbent tenants in public housing could buy properties at heavily-subsidised prices, increased the UK homeownership rate by over 10 percentage points between 1980 and the late 1990s. This paper studies its impact on crime, showing that RTB generated significant reductions in property and violent crime that persist up to today. The behavioural changes of incumbent tenants and the renovation of public properties were the main drivers of the crime reduction. This is evidence of a novel means by which subsidised homeownership and housing policy may contribute to reduce criminality.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b20b82c7827536397a3291d477a8d290 https://doi.org/10.2139/ssrn.3759340 Zobrazit plný text záznamu