A BURNING QUESTION: DOES ARSON INCREASE WHEN LOCAL HOUSE PRICES DECLINE?. Issue 1 (21st May 2015)
- Record Type:
- Journal Article
- Title:
- A BURNING QUESTION: DOES ARSON INCREASE WHEN LOCAL HOUSE PRICES DECLINE?. Issue 1 (21st May 2015)
- Main Title:
- A BURNING QUESTION: DOES ARSON INCREASE WHEN LOCAL HOUSE PRICES DECLINE?
- Authors:
- Eriksen, Michael D.
Carson, James M. - Abstract:
- Abstract : We construct panel data on house prices and the determined cause of 4.8 million individual fires in the United States between 1986 and 2010 to test whether decreases in local housing market prices coincided with increases in arson. Since some insured homeowners may attempt to disguise the actual cause of fire as accidental, we also examine how decreases in local house prices are associated with changes in the total number of fires and the probability of determined causes of accidental fires. For the sample period, our results suggest that declines in local house prices coincided with increases in arson, the total number of fires, and the probability that fires were determined to occur due to arson and misuse. We provide further support for the existence of such an effect with empirical evidence that the relation between declines in house prices and arson is stronger in states that allow mortgage lender recourse.
- Is Part Of:
- Journal of risk and insurance. Volume 84:Issue 1(2017)
- Journal:
- Journal of risk and insurance
- Issue:
- Volume 84:Issue 1(2017)
- Issue Display:
- Volume 84, Issue 1 (2017)
- Year:
- 2017
- Volume:
- 84
- Issue:
- 1
- Issue Sort Value:
- 2017-0084-0001-0000
- Page Start:
- 7
- Page End:
- 34
- Publication Date:
- 2015-05-21
- Subjects:
- Insurance -- United States -- Periodicals
368.97305 - Journal URLs:
- http://onlinelibrary.wiley.com/ ↗
- DOI:
- 10.1111/jori.12089 ↗
- Languages:
- English
- ISSNs:
- 0022-4367
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 5052.100000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 1826.xml