The Effect of Crime on Life Satisfaction
AbstractCrime often ranks at the top of public concern, and a majority of the public report they sometimes worry about crime. Yet we know little about crime's impact on day-to-day quality of life. This paper provides new evidence on crime's effect on life satisfaction using a combination of victimization and subjective survey data. I find that county-level crime rates and perceived neighborhood safety have little impact on overall life satisfaction. In contrast, the effect of a home burglary on life satisfaction is quite large-nearly as much as moving from excellent health to good health. In monetary terms, I estimate a compensating income equivalent of nearly $85,000 for a home burglary. Thus, while being burglarized has a large and significant effect on a victim's overall life satisfaction, neither county-level crime rates nor neighborhood safety appear to have very large effects on daily life satisfaction for the average American. (c) 2008 by The University of Chicago. All rights reserved..
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Bibliographic InfoArticle provided by University of Chicago Press in its journal The Journal of Legal Studies.
Volume (Year): 37 (2008)
Issue (Month): S2 (06)
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- Masanori Kuroki, 2013. "Crime Victimization and Subjective Well-Being: Evidence from Happiness Data," Journal of Happiness Studies, Springer, vol. 14(3), pages 783-794, June.
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"An Assessment of How Urban Crime and Victimization Affects Life Satisfaction,"
Borradores de Economia
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- Carlos Medina & Jorge Andrés Tamayo, 2011. "An Assessment of How Urban Crime and Victimization Affects Life Satisfaction," BORRADORES DE ECONOMIA 007876, BANCO DE LA REPÚBLICA.
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"Costos de la violencia urbana y políticas públicas: algunas lecciones de Medellín,"
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