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Estimating the social costs of firearms: application to the Portuguese case

Author

Listed:
  • Joana Matos Dias
  • Pedro Godinho

Abstract

In this paper, we present a methodology for estimating social costs associated with firearm incidents and present some results regarding the application of the methodology to Portugal. We consider social costs associated with such incidents, including medical care costs, losses in productivity and also intangible costs, like the valuation of the loss of quality of life, measured by safety per se values. We conclude that the intangible costs constitute the main slice of the total costs, in accordance with what has been reported by other authors for other countries, but the annual average cost per inhabitant is low when compared with other countries' realities.

Suggested Citation

  • Joana Matos Dias & Pedro Godinho, 2013. "Estimating the social costs of firearms: application to the Portuguese case," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 5(1), pages 17-32.
  • Handle: RePEc:ids:ijecbr:v:5:y:2013:i:1:p:17-32
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