IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/74968.html
   My bibliography  Save this paper

The economic and social costs of crime

Author

Listed:
  • Brand, Sam
  • Price, Richard

Abstract

Every day decisions are made by policy makers and managers in the Criminal Justice System which reflect implicit judgements about the relative seriousness of different crimes, or about the benefits of pursuing one approach to reducing crime rather than another. This study represents a first step towards making such judgements more explicit and in making sure they better reflect the available evidence on the impacts on society of different types of crime. Cost of crime estimates can play an important role in helping the government to achieve the greatest impact on crime for the money spent. They can be used in both appraisal and evaluation of crime reduction policies, such as those in the Government’s evidence-based Crime Reduction Programme. They can help us to prioritise, focusing scarce resources on policies that have the biggest impact on harm caused by crime, rather than simply the number of crimes. Moreover, one of the two aims of the Criminal Justice System (CJS) is “to reduce crime and the fear of crime and their social and economic costs”. This study reports on progress towards a cost of crime measure that can be used to assess performance against this aim. Figures used here represent the best available evidence, but nevertheless needs to be much improved. The aim of this report is to stimulate debate and improvements in the evidence.

Suggested Citation

  • Brand, Sam & Price, Richard, 2000. "The economic and social costs of crime," MPRA Paper 74968, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:74968
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/74968/1/MPRA_paper_74968.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Anderson, David A, 1999. "The Aggregate Burden of Crime," Journal of Law and Economics, University of Chicago Press, vol. 42(2), pages 611-642, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ezra Friedman & Abraham L. Wickelgren, 2006. "Bayesian Juries and The Limits to Deterrence," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 22(1), pages 70-86, April.
    2. Altindag, Duha T., 2012. "Crime and unemployment: Evidence from Europe," International Review of Law and Economics, Elsevier, vol. 32(1), pages 145-157.
    3. S. Ravid & Suman Basuroy, 2003. "Managerial Objectives, the R-Rating Puzzle and the Production of Violent Films," Yale School of Management Working Papers ysm383, Yale School of Management.
    4. Ghulam, Yaseen, 2021. "Institutions and firms’ technological changes and productivity growth," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    5. Louis Hotte & Tanguy Van Ypersele, 2008. "Individual protection against property crime: decomposing the effects of protection observability," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 41(2), pages 537-563, May.
    6. Gnutzmann, Hinnerk & McCarthy, Killian J. & Unger, Brigitte, 2010. "Dancing with the devil: Country size and the incentive to tolerate money laundering," International Review of Law and Economics, Elsevier, vol. 30(3), pages 244-252, September.
    7. Daniela Barni & Alessio Vieno & Michele Roccato & Silvia Russo, 2016. "Basic Personal Values, the Country’s Crime Rate and the Fear of Crime," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 129(3), pages 1057-1074, December.
    8. Bethencourt, Carlos, 2022. "Crime and social expenditure: A political economic approach," European Journal of Political Economy, Elsevier, vol. 75(C).
    9. Paolo Buonanno & Daniel Montolio & Josep Raya-Vílchez, 2013. "Housing prices and crime perception," Empirical Economics, Springer, vol. 45(1), pages 305-321, August.
    10. Deiana, C, 2016. "Local Labour Market Effects of Unemployment on Crime Induced by Trade Shocks," Economics Discussion Papers 16529, University of Essex, Department of Economics.
    11. Thomas Bourveau & Renaud Coulomb & Marc Sangnier, 2021. "Political Connections and White-Collar Crime: Evidence from Insider Trading in France," Journal of the European Economic Association, European Economic Association, vol. 19(5), pages 2543-2576.
    12. Philip J. Cook & John MacDonald, 2010. "The Role of Private Action in Controlling Crime," NBER Chapters, in: Controlling Crime: Strategies and Tradeoffs, pages 331-363, National Bureau of Economic Research, Inc.
    13. Konstantin Chatziathanasiou & Svenja Hippel & Michael Kurschilgen, 2020. "Property, Redistribution, and the Status Quo," Munich Papers in Political Economy 02, Munich School of Politics and Public Policy and the School of Management at the Technical University of Munich.
    14. Entorf, Horst & Winkler, Peter, 2001. "The economics of crime: investigating the drugs-crime channel: empirical evidence from panel data of the German states," ZEW Discussion Papers 01-37, ZEW - Leibniz Centre for European Economic Research.
    15. Samuel Nunn & William Newby, 2011. "The Geography of Deterrence," Evaluation Review, , vol. 35(4), pages 354-378, August.
    16. Heckman, James J. & Moon, Seong Hyeok & Pinto, Rodrigo & Savelyev, Peter A. & Yavitz, Adam, 2010. "The rate of return to the HighScope Perry Preschool Program," Journal of Public Economics, Elsevier, vol. 94(1-2), pages 114-128, February.
    17. Divya Sadana, 2023. "Effects of Early Childhood Exposure to Pollution on Crime: Evidence from 1970 Clean Air Act," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(1), pages 279-312, January.
    18. Philip J. Cook & Jens Ludwig, 2010. "Economical Crime Control," NBER Working Papers 16513, National Bureau of Economic Research, Inc.
    19. Fernando del Río, 2019. "Property Rights, Predation, and Productivity," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(3), pages 1154-1188, July.
    20. Friehe, Tim & Schildberg-Hörisch, Hannah, 2014. "The Individual and Joint Performance of Economic Preferences, Personality, and Self-Control in Predicting Criminal Behavior," IZA Discussion Papers 7894, Institute of Labor Economics (IZA).

    More about this item

    Keywords

    Crime Justice Cost Evaluation Economics Policy Social Impacts Victimisation Police Prison Offending;

    JEL classification:

    • H0 - Public Economics - - General
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:74968. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.