Fear of crime and housing prices: Household reactions to sex offender registries

Megan's Law requires public dissemination of information from sex offender registries. Opponents to this controversial law have questioned whether households misinterpret or even use this information. One concern was that the information might simply induce a “fear of crime.” This study finds evidence for both use and misinterpretation of the publicly available information on sex offenders. Using a unique dataset that tracks sex offenders in Hillsborough County, Florida, the results indicate that after a sex offender moves into a neighborhood, nearby housing prices fall by 2.3% ($3500 on average). However, once a sex offender moves out of a neighborhood, housing prices appear to immediately rebound. Surprisingly, these price impacts do not appear to differ in areas near high risk offenders labeled as “predators.”     

The method of elimination and substitution in the GMM estimation of mixed regressive,spatial autoregressive models

This paper proposes a computationally simple GMM for the estimation of mixed regressive spatial autoregressive models. The proposed method explores the advantage of the method of elimination and substitution in linear algebra. The modified GMM approach reduces the joint (nonlinear) estimation of a complete vector of parameters into estimation of separate components. For the mixed regressive spatial autoregressive model, the nonlinear estimation is reduced to the estimation of the (single) spatial effect parameter. We identify situations under which the resulting estimator can be efficient relative to the joint GMM estimator where all the parameters are jointly estimated.     

The Role of Built,Human, Social,and Natural Capital in Determining Land Values,and the Influence of Demographics upon this Relationship

Abstract

We use various statistical methods to compare the extent to which different households are willing to invest in and pay for access to four types of capital—built, human, natural, and social. We further assess to what extent such preferences can be predicted by a measure of neighbourhood demographics. We develop indicators for each of the four types of capital at the census block group level for Baltimore, MD, USA. We use analysis of variance to examine differences in these indicators between demographic groups and multiple linear regression to examine the influence on unimproved land values of the four types of capital.     

The choice of tax base by local authorities: voter preferences, special interest groups, and tax base diversification

We analyze local jurisdictions’ behaviors when selecting the type of tax levied in support of local services. Our analysis focuses on taxes that must be approved by voters. Taxes differ in their incidence; thus, even when proposed revenue amounts are held constant, voting patterns and the aggregate level of voter support differ among potential revenue sources. We use a general model of political cost minimization to derive three hypotheses about local tax authorities’ behaviors. Using Ohio school district data, we find that the expected probability of passage is a highly important determinant of tax choice. Further, there is evidence that special interest groups wield influence greater than their direct impact on voting behavior, and evidence that tax authorities attempt to diversify their tax structure.     

Urban Segregation and Metropolitics in Latin America: The Case of Bogotá, Colombia

The patterns of spatial socioeconomic segregation in Latin American cities are changing rapidly as a result of suburbanization and metropolization. However, the political consequences of these urban spatial processes are not well understood. This article uses Orfield's framework of analysis to test the hypothesis that spatial segregation at the metropolitan level is driving political polarization between Latin American cities and their suburbs. With Bogotá as a testing ground, we look for evidence that the mechanisms described by Orfield are at play. We conclude that metropolitan spatial segregation does not drive metropolitan politics in Bogotá and explore some of the theoretical implications thereof.     

The ‘Graying’ of ‘Green’ Zones: Spatial Governance and Irregular Settlement in Xochimilco,Mexico City

This article details the evolving social and spatial dynamics of a planning approach that is now being used to regulate irregular or informal settlements in the conservation zone of Xochimilco in the Federal District of Mexico City. As part of the elaboration of ‘normative’ planning policies and practices, this approach counts, maps and then classifies irregular settlements into different categories with distinct land‐use regularization possibilities. These spatial calculations establish a continuum of ‘gray’ spaces, placing many settlements in a kind of planning limbo on so‐called ‘green’ conservation land. The research suggests that these spatial calculations are now an important part of enacting land‐use planning and presenting a useful ‘technical’ veneer through which the state negotiates competing claims to space. Based on a case study of an irregular settlement, the article examines how the state is implicated in the production and regulation of irregularity as part of a larger strategy of spatial governance. The research explores how planning ‘knowledges’ and ‘techniques’ help to create fragmented but ‘governable’ spaces that force communities to compete for land‐use regularization. The analysis raises questions about the conception of informality as something that, among other things, simply takes place outside of the formal planning system.     

The Power of Group Stigmatization: Wealthy Roma,Urban Space and Strategies of Defence in Post‐socialist Romania

Recent research on Roma stigmatization has tended to focus on the marginal socio‐economic and spatial position of Roma people within European societies, with poverty, persistent inequalities and substandard housing conditions (for example, ghettoization) highlighting their differential treatment. Central to such accounts are group images and stereotypes of Roma as ‘benefit scroungers’ and/or ‘beggars’ lacking notions of self‐restraint and social responsibility. This body of research is hugely important in terms of its contribution to an understanding of the complex dynamics of marginalization and stigmatization of poor Roma households. Yet not all Roma are characterized by poverty and economic hardship. This article explores the neglected experiences of wealthy Roma within urban spaces in Romania. It draws on empirical evidence from interviews with Roma families, leaders and local authorities. Our analysis exposes the way in which Roma are vehemently stigmatized regardless of their economic position or housing circumstances and highlights deep underlying sentiments towards them within Romanian society. We critique Wacquant's concept of territorial stigmatization by applying it to wealthy groups outwith typical areas of relegation (for example, Roma ghettos) within the specific urban context of post‐socialist Romania. While our analysis points to the internalization of stigma, we also identify distinct defensive strategies wealthy Roma employ to counter and avoid stigmatization. We suggest that a focus on the neglected spaces of wealthy Roma groups can facilitate a more comprehensive understanding of the distinct urban power relations that shape Roma stigmatization, reveal how this long‐term process has recently been accentuated within Europe alongside a more overt populist and anti‐Roma political agenda, and contribute to the development and refinement of Wacquant's thesis.     

The effects of environmental,social and governance disclosure on the cost of capital in small and medium enterprises: The role of family business status

Environmental, social, and governance (ESG) disclosure has become a critical component of corporate reporting. However, the effectiveness of this type of disclosure remains poorly explored among small and medium enterprises (SMEs), despite the fact that these businesses represent the majority of firms around the world. By leveraging on a dataset of Italian listed SMEs, we fill this gap to shed new light on the effects of nonfinancial disclosure on the cost of capital. The study reveals that, in stark contrast with the evidence on large companies, environmental disclosure for SMEs is bound to provoke an increase in the cost of capital. Yet this pattern is capsized when the company is a family SME, as it benefits from environmental disclosure, as large companies do.