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The value of reducing fear: an analysis using the European Social Survey

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  • Simon Christopher Moore

Abstract

This paper calculates the shadow price of fear of crime using the European Social Survey. A multiple regression model is specified with happiness as the outcome variable and fear of crime, total household income and control variables as independent variables. Both income and fear of crime are significantly associated with happiness and the total household income required to compensate an average household for an increase in fear of crime is estimated.

Suggested Citation

  • Simon Christopher Moore, 2006. "The value of reducing fear: an analysis using the European Social Survey," Applied Economics, Taylor & Francis Journals, vol. 38(1), pages 115-117.
  • Handle: RePEc:taf:applec:v:38:y:2006:i:1:p:115-117
    DOI: 10.1080/00036840500368094
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    References listed on IDEAS

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    1. Lelkes, Orsolya, 2006. "Knowing what is good for you: Empirical analysis of personal preferences and the "objective good"," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(2), pages 285-307, April.
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    Cited by:

    1. Cheng, Zhiming & Smyth, Russell, 2015. "Crime victimization, neighborhood safety and happiness in China," Economic Modelling, Elsevier, vol. 51(C), pages 424-435.
    2. repec:spr:jhappi:v:19:y:2018:i:1:d:10.1007_s10902-016-9814-1 is not listed on IDEAS
    3. Mark A. Cohen, 2008. "The Effect of Crime on Life Satisfaction," The Journal of Legal Studies, University of Chicago Press, vol. 37(S2), pages 325-353, June.
    4. Christopher Ambrey & Christopher Fleming & Matthew Manning, 2014. "Perception or Reality, What Matters Most When it Comes to Crime in Your Neighbourhood?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 119(2), pages 877-896, November.
    5. Stéphane Mahuteau & Rong Zhu, 2016. "Crime Victimisation and Subjective Well‐Being: Panel Evidence From Australia," Health Economics, John Wiley & Sons, Ltd., vol. 25(11), pages 1448-1463, November.
    6. Adriana Villamarin Garcia, 2011. "Prevenir y calcular una estimacion de los costos de la violencia homicida en Colombia," DOCUMENTOS DE CERAC 009108, CERAC -CENTRO DE RECURSOS PARA EL ANÁLISIS DE CONFLICTOS-.
    7. Christopher L Ambrey & Christopher M Fleming & Matthew Manning, 2013. "The life satisfaction approach to estimating the cost of crime: An individual's willingness-to-pay for crime reduction," Discussion Papers in Economics economics:201301, Griffith University, Department of Accounting, Finance and Economics.
    8. Johnston, David W. & Shields, Michael A. & Suziedelyte, Agne, 2015. "Victimisation, Wellbeing and Compensation: Using Panel Data to Estimate the Costs of Violent Crime," IZA Discussion Papers 9311, Institute for the Study of Labor (IZA).
    9. Adriana Villamarín García, 2011. "Prevenir y calcular: una estimación de los costos de la violencia homicida en Colombia," VNIVERSITAS ECONÓMICA 008873, UNIVERSIDAD JAVERIANA - BOGOTÁ.
    10. Brenig, Mattheus & Proeger, Till, 2016. "Putting a price tag on security: Subjective well-being and willingness-to-pay for crime reduction in Europe," Center for European, Governance and Economic Development Research Discussion Papers 278, University of Goettingen, Department of Economics.
    11. Iddisah Sulemana, 2015. "The Effect of Fear of Crime and Crime Victimization on Subjective Well-Being in Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 121(3), pages 849-872, April.

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