Lasting Impacts of Stop & Frisk: Evidence from the Housing Market in New York City

46 Pages Posted: 29 Oct 2022

Abstract

Stop & Frisk, an aggressive policing tactic, was employed in New York City until a judge ruled it unconstitutional in 2013. This study uses variation in Stop & Frisk activity resulting from the ruling to estimate the tactic’s effect on property prices. Results indicate prices increased for properties most exposed to Stop & Frisk, relative to nearby properties, once the NYPD was ordered to cease Stop & Frisk activity. This increase was driven by white sellers, however, as values remained constant for nonwhite sellers. This is likely due to broken trust and divergent beliefs regarding future Stop & Frisk activity.

Keywords: housing value, stop and frisk, policing, operation impact

Suggested Citation

Cardazzi, Alexander, Lasting Impacts of Stop & Frisk: Evidence from the Housing Market in New York City. Available at SSRN: https://ssrn.com/abstract=4261930 or http://dx.doi.org/10.2139/ssrn.4261930

Alexander Cardazzi (Contact Author)

Old Dominion University - Economics ( email )

Norfolk, VA 23529
United States

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