Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/229160 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
CFS Working Paper Series No. 651
Verlag: 
Goethe University Frankfurt, Center for Financial Studies (CFS), Frankfurt a. M.
Zusammenfassung: 
"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.
Schlagwörter: 
Crime
Homeownership
Public Housing
JEL: 
H44
K14
R31
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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