Ending Rent Control Reduced Crime in Cambridge
Using detailed location-specific criminal incident-level data, we find that sudden rent decontrol in Cambridge, Massachusetts in 1995 caused overall crime to fall by 16 percent--approximately 1,200 crimes annually. We estimate that this annual direct benefit to Cambridge residents was roughly $10 mi...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
American Economic Association
2020
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| Online Access: | https://hdl.handle.net/1721.1/128852 |
| Summary: | Using detailed location-specific criminal incident-level data, we find that sudden rent decontrol in Cambridge, Massachusetts in 1995 caused overall crime to fall by 16 percent--approximately 1,200 crimes annually. We estimate that this annual direct benefit to Cambridge residents was roughly $10 million (in 2008 dollars), accounting for 10 percent of the growth in the Cambridge residential property values attributable to decontrol. |
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