@phdthesis{theses_frw1116,
            year = {2019},
           title = {The Effect of Prison Proximity on House Prices},
          author = {Jurgen Jaakke},
        abstract = {This Master?s thesis studies the effect of prisons on house prices. This effect is estimated using the hedonic price method. The causal effect of closing a penitentiary institution is estimated using a difference-in-difference specification. The results of this research prove that penitentiary institutions have a negative impact on house prices in the vicinity and that closure of a penitentiary institution has a positive effect on house prices. Houses within a 300 meter radius of a penitentiary institution are -3.0\% lower valued compared to houses that are outside a 300 meter radius. With almost the same magnitude, closure of a penitentiary institution has a positive effect of 2,8\% on house prices within 300 meter. Herewith, it can be concluded that people?s willingness to pay for houses reduces due to close proximity of a penitentiary institution.},
             url = {https://frw.studenttheses.ub.rug.nl/1116/}
}