TY  - UNPD
A1  - Disney, Richard
A1  - Gathergood, John
A1  - Machin, Stephen
A1  - Sandi, Matteo
T1  - Does homeownership reduce crime? A radical housing reform from the UK
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 651
N2  - “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.
T3  - CFS working paper series - 651 
KW  - Crime
KW  - Homeownership
KW  - Public Housing
Y1  - 2021
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/57389
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-573897
UR  - https://ssrn.com/abstract=3759340
IS  - September 2020
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -