The Impact of Mass and Active Shooting Incidents on Residential Real Estate Values

Sherman, Claire (2018) The Impact of Mass and Active Shooting Incidents on Residential Real Estate Values. Undergraduate thesis, under the direction of Lloyd Wade from Finance, The University of Mississippi.

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Abstract

Gun control as a response to gun violence is currently at the forefront of political debate in the United States. The foundation of this paper revolves around crime and real estate supported by background literature detailing external effects on real estate prices to set up the framework for the research on mass shootings and residential real estate values. The findings in this paper are based on 73 events involving mass shootings in the United States from 1996 to 2015. I find that the effect of mass shooting events plays a significant role in the decline in real estate values following a mass shooting event in areas near the shooting event. Interestingly, this response is otherwise not supported by probability data as death by mass shooting is highly unlikely. The resulting economic changes are meaningful, suggesting between a 15%-20% decline in residential real estate prices within a three-year period around a mass shooting location.

Item Type: Thesis (Undergraduate)
Creators: Sherman, Claire
Student's Degree Program(s): B.B.A. in Real Estate
Thesis Advisor: Lloyd Wade
Thesis Advisor's Department: Finance
Institution: The University of Mississippi
Subjects: H Social Sciences > HG Finance
Depositing User: Claire Sherman
Date Deposited: 18 May 2018 15:32
Last Modified: 18 May 2018 15:32
URI: http://thesis.honors.olemiss.edu/id/eprint/1250

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