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The cost of fear: shadow pricing the intangible costs of crime

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  • Simon Moore
  • Jonathan Shepherd

Abstract

This study employs a cross sectional crime survey of UK residents to estimate the shadow price of victimization with respect to fear of crime. Particular attention is paid to the relationship between household income and fear of crime and potential mediating variables such as neighbourhood deprivation and neighbourhood crime rates. A robust relationship between fear of crime and income is demonstrated having controlled for deprivation and crime rate. Further analyses suggest that a substantial increase in household income is required to offset the threat of physical violence. However, actual victimization (burglary, physical violence and car crime) do not significantly influence fear of crime.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/00036840500367781
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics.

Volume (Year): 38 (2006)
Issue (Month): 3 ()
Pages: 293-300

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Handle: RePEc:taf:applec:v:38:y:2006:i:3:p:293-300

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  1. Nattavudh Powdthavee, 2003. "Unhappiness and Crime: Evidence from South Africa," Development and Comp Systems 0310003, EconWPA, revised 17 Mar 2004.
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Cited by:
  1. Luca Stanca, 2008. "With or Without You? Measuring the Quality of Relational Life Throughout the World," Working Papers 144, University of Milano-Bicocca, Department of Economics, revised Jul 2008.
  2. Emilio Colombo & Luca Stanca, 2013. "Measuring the Monetary Value of Social Relations: a Hedonic Approach," Working Papers 256, University of Milano-Bicocca, Department of Economics, revised Oct 2013.
  3. Powdthavee, Nattavudh & van den Berg, Bernard, 2011. "Putting different price tags on the same health condition: Re-evaluating the well-being valuation approach," Journal of Health Economics, Elsevier, vol. 30(5), pages 1032-1043.
  4. John Smith & Olugbenga Ajilore, 2007. "Ethnic Fragmentation and Police Spending: Social Identity and a Public Good," Departmental Working Papers 200708, Rutgers University, Department of Economics.
  5. Leonardo Becchetti & Elena Giachin Ricca & Alessandra Pelloni, 2009. "The 60es turnaround as a test on the causal relationship between sociability and happiness," Econometica Working Papers wp07, Econometica.
  6. Leonardo Becchetti & Elena Giachin Ricca & Alessandra Pelloni, 2012. "The Relationship Between Social Leisure and Life Satisfaction: Causality and Policy Implications," Social Indicators Research, Springer, vol. 108(3), pages 453-490, September.
  7. Powdthavee, Nattavudh, 2008. "Putting a price tag on friends, relatives, and neighbours: Using surveys of life satisfaction to value social relationships," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(4), pages 1459-1480, August.

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