Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/229160
Authors: 
Disney, Richard
Gathergood, John
Machin, Stephen
Sandi, Matteo
Year of Publication: 
2020
Series/Report no.: 
CFS Working Paper Series No. 651
Abstract: 
"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.
Subjects: 
Crime
Homeownership
Public Housing
JEL: 
H44
K14
R31
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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