Impactos da criminalidade no valor dos aluguéis em Belo Horizonte [Criminality: the impact on the residential rent prices in Belo Horizonte].

The aim of this paper is to measure part of the indirect costs of criminality in Belo Horizonte. The indirect costs are measured through the analysis of the impact of criminality in residential rent prices. The methodology used is Hedonic Price Models. This methodology allows us to obtain indirectly the price that individuals are able to pay to have access to some goods which markets do not exist. In this work we are interested in estimating the value that individuals pay to live in areas with a higher level of security. In this way we have a proxy to the amount that individuals are able to pay to reduce criminality. The estimation was done using Ordinary Least Squares. We estimated two models to account to different types of crimes: property crimes and murder. The results obtained show that criminality reduce rent prices. Depending on the geographic area, this reduction reaches 27% of full rental price.violence costs; hedonic prices; criminality

Custos da criminalidade em Belo Horizonte

This paper aims to measure violence costs in Belo Horizonte. We use accountability methodology to estimate violence costs in Belo Horizonte in 1999. We consider the following categories of costs: costs of lost lives, health treatment costs, public and private security costs, private insurance costs and the value of direct losses. Our findings suggest that R$ 835,000,000 (eight hundred and thirty five millions of reais) is the amount lost due to violence in Belo Horizonte. This value represents 4.1% of the municipal GDP in 1999.Violence, violence costs, welfare

Uma estimação dos custos da criminalidade em Belo Horizonte

This article attempts to measure part of the indirect costs of criminality in Belo Horizonte city, from the crime rates impact analysis over the price of residential apartments perspective. The methodology used is the Hedonic Price Model, which is usually applied to measure prices of goods that don’t have a direct market established. The development of such model, to estimate the costs of violence, is unpublished in Brazil.O artigo procura mensurar parte dos custos indiretos da criminalidade no Município de Belo Horizonte, a partir da análise do impacto das taxas de crime sobre os preços de aluguéis residenciais. A metodologia utilizada é a de preços hedônicos, que usualmente é aplicada na mensuração de preços de bens para os quais não existe um mercado estabelecido. O desenvolvimento de tal modelo para a estimação dos custos da violência é inédito no Brasil. Palavras-chave Preços hedônicos; custos; criminalidade