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Date: April 29, 2024 Mon
Time: 11:02 pm
Time: 11:02 pm
Results for private protection
1 results foundAuthor: Barenboim, Igor Title: Does Crime Breed Inequality? Theory and Evidence from the Favelas in Rio de Janeiro Summary: Crime and income inequality are positively correlated. Many have argued that the causation from the latter to the former; to our knowledge, the reverse channel of causality has not been studied. We present two simple mechanisms through which crime can breed inequality, both based on the idea that private protection from crime is a normal good. In our first hypothesis, crime distorts savings decisions by lowering expected returns, and more so for the poor who can afford less protection. Our second model explores how crime can generate inequality by diferentially affecting location decisions according to income. We test these ideas empirically in the extremely high-crime context of slums ("favelas") in Rio de Janeiro, Brazil, and find suggestive evidence that higher crime leads to more inequality within favelas. We also show evidence of the savings mechanism, with little support for the spatial mechanism in this context. Details: Cambridge, MA: Harvard University (Working Paper), 2009. 50p. Source: Internet Resource: Accessed October 23, 2010 at: http://www.eea-esem.com/files/papers/EEA-ESEM/2009/448/Favelas_draft18Jan09%202.pdf Year: 2009 Country: Brazil URL: http://www.eea-esem.com/files/papers/EEA-ESEM/2009/448/Favelas_draft18Jan09%202.pdf Shelf Number: 120056 Keywords: Crime RatesInequalityPovertyPrivate ProtectionSlumsSocioeconomic Status |