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Do school shootings erode property values?

Author

Listed:
  • Juan Muñoz-Morales

    (LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - ULCO - Université du Littoral Côte d'Opale - Université de Lille - CNRS - Centre National de la Recherche Scientifique)

  • Ruchi Singh

    (Department of Anthropology, University of Georgia, Georgia, United States of America)

Abstract

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.

Suggested Citation

  • Juan Muñoz-Morales & Ruchi Singh, 2023. "Do school shootings erode property values?," Post-Print hal-03972148, HAL.
    • Handle: RePEc:hal:journl:hal-03972148
    DOI: 10.1016/j.regsciurbeco.2022.103852
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    Cited by:

    1. Ubaldi, Michele & Picchio, Matteo, 2024. "In the Wrong Place at the Wrong Time: The Impact of Mass Shooting Exposure on Mental Health," IZA Discussion Papers 17388, Institute of Labor Economics (IZA).
    2. Michael J. Seiler & Liuming Yang, 2023. "Gun‐ownership disclosure and localized home prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 51(6), pages 1399-1436, November.

    More about this item

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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