Gentrification and the Amenity Value of Crime Reductions: Evidence from Rent Deregulation

@article{Autor2017GentrificationAT,
  title={Gentrification and the Amenity Value of Crime Reductions: Evidence from Rent Deregulation},
  author={David Autor and Christopher J. Palmer and Parag A. Pathak},
  journal={Correlates of Crime eJournal},
  year={2017}
}
Gentrification involves large-scale neighborhood change whereby new residents and improved amenities increase property values. In this paper, we study whether and how much public safety improvements are capitalized by the housing market after an exogenous shock to the gentrification process. We use variation induced by the sudden end of rent control in Cambridge, Massachusetts in 1995 to examine within-Cambridge variation in reported crime across neighborhoods with different rent-control levels… 
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