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Homicide rates and housing prices in Cali and Bogotá, D. C.
Tasas de homicidio y precios de la vivienda en Cali y Bogotá, D. C.
Taxas de homicídio e preços de habitação em Cali e Bogotá, D. C.
DOI:
https://doi.org/10.15446/cuad.econ.v40n83.82495Palabras clave:
Urban economics, urban crime, housing prices (en)economia urbana, crime urbano, preços da habitação (pt)
economía urbana, crimen urbano, precios de viviendas (es)
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Currently, the list of most violent cities in the world is dominated by Latin American cities. In 2015, Cali registered 65 homicides per 100,000 inhabitants. In Bogotá, the rate was 17 per 100,000 inhabitants. However, crime is not homogeneously distributed within the urban area, and literature indicates that the local response to crime affects the housing market. The objective of this paper is to estimate the relationship between housing prices and homicide rates in two Colombian cities: Cali and Bogotá. With the use of diverse sources of information and different econometric methodologies, we found that a 10% increase in homicide rates provokes a 2% decrease in housing prices in Cali and 1.8% in Bogotá.
Actualmente, las ciudades más violentas del mundo se encuentran en Latinoamérica. En 2015, Cali registró 65 homicidios por cada 100 000 habitantes. Para ese mismo año, en Bogotá, la tasa de homicidios reportada fue 17 por cada 100 000 habitantes. Dado que la criminalidad se distribuye heterogéneamente dentro de las ciudades, la literatura señala que la respuesta de las personas ante la criminalidad afecta el mercado inmobiliario. El objetivo de este artículo es estimar la relación entre los precios de la vivienda y las tasas de homicidios en dos ciudades colombianas: Cali y Bogotá. Usando diversas fuentes de información y diferentes métodos cuantitativos de estimación, el principal resultado encontrado fue que ante un incremento del 10 % en las tasas de homicidio, hay una disminución del 2 % en los precios de vivienda en Cali y de 1,8 % en Bogotá, D. C.
Atualmente, as cidades mais violentas do mundo estão na América Latina. Em 2015, Cali registrou 65 homicídios por cada 100.000 habitantes. Nesse mesmo ano, em Bogotá, a taxa de homicídio registrada foi de 17 por cada 100.000 habitantes. Dado que a criminalidade está distribuída de forma heterogênea nas cidades, a literatura indica que a resposta das pessoas ao crime afeta o mercado imobiliário. O objetivo deste artigo é estimar a relação entre os preços da habitação e as taxas de homicídio em duas cidades colombianas: Cali e Bogotá. Usando várias fontes de informação e diferentes métodos de estimativa quantitativa, o principal resultado encontrado foi que, diante de um aumento de 10% nas taxas de homicídio, há uma queda de 2% nos preços da habitação em Cali e uma queda de 1,8% em Bogotá DC.
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