Gentrification and the Amenity Value of Crime Reductions PDF Download

Author: David H. Autor
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
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, abstracting from the prevailing city-wide decline in criminal activity. Using detailed location-specific incident-level criminal activity data assembled from Cambridge Police Department archives for the years 1992 through 2005, we find robust evidence that rent decontrol caused overall crime to fall by 16 percent--approximately 1,200 reported crimes annually--with the majority of the effect accruing through reduced property crime. By applying external estimates of criminal victimization's economic costs, we calculate that the crime reduction due to rent deregulation generated approximately $10 million (in 2008 dollars) of annual direct benefit to potential victims. Capitalizing this benefit into property values, this crime reduction accounts for 15 percent of the contemporaneous growth in the Cambridge residential property values that is attributable to rent decontrol. Our findings establish that reductions in crime are an important part of gentrification and generate substantial economic value. They also show that standard cost-of-crime estimates are within the bounds imposed by the aggregate price appreciation due to rent decontrol.

Author: Caroline Mutuku
Publisher: GRIN Verlag
ISBN: 3668747881
Category : Social Science
Languages : en
Pages : 14

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Book Description
Essay from the year 2018 in the subject Business economics - Economic and Social History, grade: 1.2, , language: English, abstract: Gentrification involves urban development in which the wealthier class displaces the low and middle classes. This displacement is driven by increased property values and high cost of housing. In most cases, gentrification process in a given community, primarily an urban community, is manifested by a significant decrease of average family sizes and an increase of average income. Some of the benefits of gentrification include expansion of businesses, economic development and reduced crime rates. It is also associated with negative consequences such as population displacement, loss of social diversity and homelessness. However, there are management strategies which can address these challenges including rent control, zoning ordinances and community land trusts.

Author: Ian Goldin
Publisher: Bloomsbury Publishing
ISBN: 1399406132
Category : Social Science
Languages : en
Pages : 137

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Book Description
One of the Financial Times' Best Economics Books of 2023 Visionary Oxford professor Ian Goldin and The Economist's Tom Lee-Devlin show why the city is where the battles of inequality, social division, pandemics and climate change must be faced. From centres of antiquity like Athens or Rome to modern metropolises like New York or Shanghai, cities throughout history have been the engines of human progress and the epicentres of our greatest achievements. Now, for the first time, more than half of humanity lives in cities, a share that continues to rise. In the developing world, cities are growing at a rate never seen before. In this book, Professor Goldin and Tom Lee-Devlin show why making our societies fairer, more cohesive and sustainable must start with our cities. Globalization and technological change have concentrated wealth into a small number of booming metropolises, leaving many smaller cities and towns behind and feeding populist resentment. Yet even within seemingly thriving cities like London or San Francisco, the gap between the haves and have-nots continues to widen and our retreat into online worlds tears away at our social fabric. Meanwhile, pandemics and climate change pose existential threats to our increasingly urban world. Professor Goldin and Tom Lee-Devlin combine the lessons of history with a deep understanding of the challenges confronting our world today to show why cities are at a crossroads – and hold our destinies in the balance.

Author: Reem Ali Abu-Lughod
Publisher: ProQuest
ISBN: 9780542863370
Category : City planning
Languages : en
Pages :

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Book Description
The major hypothesis for this study is that the physical characteristics of cities make a significant contribution in the variation of the dependent variable (Part I crimes--number of reported violent offenses) that is statistically over and above the contribution made by the social and economic variables. Cities are examined for correlations between physical attributes, population densities, and other variables. According to the literature, residents' perceptions of safety are connected to lack of community cohesion characteristics, withdrawal of people within and from their own neighborhoods due to poorly configured physical design with respect to promote surveillance--and due to decreases in informal social contacts (lack of civic engagement, low social capital, and other kinds of alienation). A survey and review of the literature as well as public policy preferences, have disclosed and proposed the need for more study to reduce crime. Cities are selected from within the top most populated metropolitan areas in the U.S. according to the Bureau of the Census in 2000, and the data sets are the FBI-UCR and the Bureau of the Census. Statistical analyses identify correlations between variables and groups of variables that might be used for future policing considerations. The physical structure of cities and its relationship to types of crime (empirical study) and fear of crime among residents (literature study) are included in this research, since both are stated to play an important role in promoting or retarding crime according to principles of defensible space, broken windows, CPTED, and "eyes on the street." Comprehensive sets of many indicators are stated in the literature, suggesting that physical components of urban environments do correlate with crime data in a significant manner. The findings in this study conclude that the physical variables make a significant contribution to the variation in the overall crime rate. Additionally, these results suggest that policing strategies and improvements in physical plans, urban design settings, and architecture can be successfully modified to reduce crime.

Author: William Julius Wilson
Publisher: University of Chicago Press
ISBN: 0226924653
Category : Social Science
Languages : en
Pages : 331

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Book Description
An assessment of the relationship between race and poverty in the United States, and potential solutions for the issue. Renowned American sociologist William Julius Wilson takes a look at the social transformation of inner-city ghettos, offering a sharp evaluation of the convergence of race and poverty. Rejecting both conservative and liberal interpretations of life in the inner city, Wilson offers essential information and several solutions to policymakers. The Truly Disadvantaged is a wide-ranging examination, looking at the relationship between race, employment, and education from the 1950s onwards, with surprising and provocative findings. This second edition also includes a new afterword from Wilson himself that brings the book up to date and offers fresh insight into its findings. Praise for The Truly Disadvantaged “The Truly Disadvantaged should spur critical thinking in many quarters about the causes and possible remedies for inner city poverty. As policymakers grapple with the problems of an enlarged underclass they—as well as community leaders and all concerned Americans of all races—would be advised to examine Mr. Wilson’s incisive analysis.” —Robert Greenstein, New York Times Book Review “The Truly Disadvantaged not only assembles a vast array of data gleamed from the works of specialists, it offers much new information and analysis. Wilson has asked the hard questions, he has done his homework, and he has dared to speak unpopular truths.” —Los Angeles Times Book Review “Required reading for anyone, presidential candidate or private citizen, who really wants to address the growing plight of the black urban underclass.” —David J. Garrow, Washington Post Book World

Author: Sheela Evangeline
Publisher: CRC Press
ISBN: 1351227521
Category : Technology & Engineering
Languages : en
Pages : 542

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Book Description
These proceedings present a selection of papers presented at the 3rd International Conference on Materials Mechanics and Management 2017 (IMMM 2017), which was jointly organized by the Departments of Civil Engineering, Mechanical Engineering and Architecture of College of Engineering Trivandrum. Developments in the fields of materials, mechanics and management have paved the way for overall improvements in all aspects of human life. The quest for meeting the requirements of the rapidly increasing population has led to revolutionary construction and production technologies aiming at optimum management and use of natural resources. The objective of this conference was to bring together experts from academic institutions, industries, research organizations and professionals for sharing of knowledge, expertise and experience in the emerging trends related to Civil Engineering, Mechanical Engineering and Architecture. IMMM 2017 provided opportunities for young researchers to actively engage in research discussions, new research interests, research ethics and professional development.

Author: Neil Smith
Publisher: Routledge
ISBN: 1134787464
Category : Architecture
Languages : en
Pages : 348

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Book Description
Why have so many central and inner cities in Europe, North America and Australia been so radically revamped in the last three decades, converting urban decay into new chic? Will the process continue in the twenty-first century or has it ended? What does this mean for the people who live there? Can they do anything about it? This book challenges conventional wisdom, which holds gentrification to be the simple outcome of new middle-class tastes and a demand for urban living. It reveals gentrification as part of a much larger shift in the political economy and culture of the late twentieth century. Documenting in gritty detail the conflicts that gentrification brings to the new urban 'frontiers', the author explores the interconnections of urban policy, patterns of investment, eviction, and homelessness. The failure of liberal urban policy and the end of the 1980s financial boom have made the end-of-the-century city a darker and more dangerous place. Public policy and the private market are conspiring against minorities, working people, the poor, and the homeless as never before. In the emerging revanchist city, gentrification has become part of this policy of revenge.

Author: Jason M. Barr
Publisher: Oxford University Press
ISBN: 0199344388
Category : Business & Economics
Languages : en
Pages : 457

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Book Description
The Manhattan skyline is one of the great wonders of the modern world. But how and why did it form? Much has been written about the city's architecture and its general history, but little work has explored the economic forces that created the skyline. In Building the Skyline, Jason Barr chronicles the economic history of the Manhattan skyline. In the process, he debunks some widely held misconceptions about the city's history. Starting with Manhattan's natural and geological history, Barr moves on to how these formations influenced early land use and the development of neighborhoods, including the dense tenement neighborhoods of Five Points and the Lower East Side, and how these early decisions eventually impacted the location of skyscrapers built during the Skyscraper Revolution at the end of the 19th century. Barr then explores the economic history of skyscrapers and the skyline, investigating the reasons for their heights, frequencies, locations, and shapes. He discusses why skyscrapers emerged downtown and why they appeared three miles to the north in midtown-but not in between the two areas. Contrary to popular belief, this was not due to the depths of Manhattan's bedrock, nor the presence of Grand Central Station. Rather, midtown's emergence was a response to the economic and demographic forces that were taking place north of 14th Street after the Civil War. Building the Skyline also presents the first rigorous investigation of the causes of the building boom during the Roaring Twenties. Contrary to conventional wisdom, the boom was largely a rational response to the economic growth of the nation and city. The last chapter investigates the value of Manhattan Island and the relationship between skyscrapers and land prices. Finally, an Epilogue offers policy recommendations for a resilient and robust future skyline.

Author: Rowland Atkinson
Publisher: Routledge
ISBN: 1134330650
Category : Architecture
Languages : en
Pages : 319

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Book Description
The Gentrification in a Global Perspective brings together the most recent theoretical and empirical research on gentrification at a global scale.

Author: Franklin E. Zimring
Publisher: Oxford University Press
ISBN: 0199702535
Category : Social Science
Languages : en
Pages : 273

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Book Description
Many theories--from the routine to the bizarre--have been offered up to explain the crime decline of the 1990s. Was it record levels of imprisonment? An abatement of the crack cocaine epidemic? More police using better tactics? Or even the effects of legalized abortion? And what can we expect from crime rates in the future? Franklin E. Zimring here takes on the experts, and counters with the first in-depth portrait of the decline and its true significance. The major lesson from the 1990s is that relatively superficial changes in the character of urban life can be associated with up to 75% drops in the crime rate. Crime can drop even if there is no major change in the population, the economy or the schools. Offering the most reliable data available, Zimring documents the decline as the longest and largest since World War II. It ranges across both violent and non-violent offenses, all regions, and every demographic. All Americans, whether they live in cities or suburbs, whether rich or poor, are safer today. Casting a critical and unerring eye on current explanations, this book demonstrates that both long-standing theories of crime prevention and recently generated theories fall far short of explaining the 1990s drop. A careful study of Canadian crime trends reveals that imprisonment and economic factors may not have played the role in the U.S. crime drop that many have suggested. There was no magic bullet but instead a combination of factors working in concert rather than a single cause that produced the decline. Further--and happily for future progress, it is clear that declines in the crime rate do not require fundamental social or structural changes. Smaller shifts in policy can make large differences. The significant reductions in crime rates, especially in New York, where crime dropped twice the national average, suggests that there is room for other cities to repeat this astounding success. In this definitive look at the great American crime decline, Franklin E. Zimring finds no pat answers but evidence that even lower crime rates might be in store.