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Author:Atkinson, G.
Healey, A.
Mourato, S.
Title:Valuing the costs of violent crime: a stated preference approach
Journal:Oxford Economic Papers
2005 : OCT, VOL. 57:4, p. 559-585
Index terms:costs
crime
violence
Language:eng
Abstract:This study seeks to bridge some of the existing gaps in knowledge on the costs associated with the intangible impacts of crime. In doing so, the results from the first stated preference study of crime risks in the United Kingdom are presented, as well as the first such study, more generally, to present respondents with realistic descriptions of the physical and mental health impacts of violent crime of varying severity. The findings suggest that the cost of three officially classified (statistical) crimes are £5,300 for common assault (no injury), £31,00 for other (moderate) wounding, and £36,000 for serious wounding. Such monetary values are important to the economic appraisal of policies that seek to reduce the incidence of violent crime.
SCIMA record nr: 264674
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