《How bad is crime for business? Evidence from consumer behavior》

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作者
Hao Fe;Viviane Sanfelice
来源
来源 JOURNAL OF URBAN ECONOMICS,Vol.129,P.
语言
英文
关键字
Foot-traffic;Neighborhood;Safegraph;Venue;Violence;Visit;K40;M21;R11;R12;R38
作者单位
San Diego State University, Department of Economics, 5500 Campanile Drive, San Diego, CA 92182, USA;Temple University, Department of Economics, Ritter Annex 1301 Cecil B Moore Ave., Philadelphia, PA 19122, USA;San Diego State University, Department of Economics, 5500 Campanile Drive, San Diego, CA 92182, USA;Temple University, Department of Economics, Ritter Annex 1301 Cecil B Moore Ave., Philadelphia, PA 19122, USA
摘要
Understanding how consumers respond to crime offers evidence of how safety perception impacts individuals daily choices and has important implications for economic development of communities. This paper investigates the impact of local crime on subsequent consumer visits to food and entertainment retails using a novel longitudinal dataset with point-specific crime and consumer visit data. We leverage the richness of our data to account for unobserved heterogeneity and time variant confounders through temporal and geographical variation. Our results show that consumers respond more strongly to property and street crimes. The response concentrates on the venue visit decision rather than the intensity of consumption (i.e. duration) in the venue.