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
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