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Welfare Costs of Crime and Common Violence: A Critical Review

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  • Rodrigo Reis Soares

    ()
    (Department of Economics PUC-Rio)

Abstract

This paper critically reviews a vast array of literature on the costs of crime and common violence. Using a simple economic model of crime as a theoretical benchmark, we conceptually discuss the estimates available and their potential use as inputs for public policy. We present current methodologies, explore their main results, discuss their limitations, and suggest directions for further research.

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File URL: http://www.econ.puc-rio.br/pdf/td581.pdf
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Bibliographic Info

Paper provided by Department of Economics PUC-Rio (Brazil) in its series Textos para discussão with number 581.

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Length: 39p
Date of creation: Oct 2010
Date of revision:
Handle: RePEc:rio:texdis:581

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Related research

Keywords: crime; violence; welfare; costs; contingent valuation; willingness to pay JEL codes: K42; O17; O57;

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  1. Soares, Rodrigo R., 2006. "The welfare cost of violence across countries," Journal of Health Economics, Elsevier, vol. 25(5), pages 821-846, September.
  2. Gary S. Becker, 1968. "Crime and Punishment: An Economic Approach," Journal of Political Economy, University of Chicago Press, vol. 76, pages 169.
  3. Peter Lorentzen & John McMillan & Romain Wacziarg, 2005. "Death and Development," NBER Working Papers 11620, National Bureau of Economic Research, Inc.
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Cited by:
  1. Carlos Medina & Christian Posso & Jorge Andrés Tamayo, 2011. "Costos de la violencia urbana y políticas públicas: algunas lecciones de Medellín," BORRADORES DE ECONOMIA 009076, BANCO DE LA REPÚBLICA.

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