Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89124
Authors: 
Vetter, David M.
Beltrão, Kaizô I.
Massena, Rosa M. R.
Year of Publication: 
2013
Series/Report no.: 
IDB Working Paper Series IDB-WP-415
Abstract: 
Using a hedonic residential rent model for Brazil's metropolitan areas calibrated with microdata from Brazil's annual household survey, this study estimates that increasing the sense of security in the home by one standard deviation would increase average home values by R$1,513 (US$757), or about US$13. 6 billion if applied to all 18. 0 million households in the study area. The principal components analysis of sense of security and crime victimization variables indicates that higher-income households feel more secure from crime in the home, even though theft and robbery victimization rise with household income and rent level. Higher levels of home protection measures by higher-income households partially explain this result.
JEL: 
C83
R23
R31
Document Type: 
Working Paper

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