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Counting the cost of crime in Italy

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  • C. Detotto

    ()

  • M. Vannini

    ()

Abstract

The aim of this paper is to gauge the cost of crime in Italy by concentrating on a subset of offences covering about 64% of total recorded crime in year 2006. Following the breakdown of costs put forward by Brand and Price, we focus on the costs in anticipation, as a consequence and in response to a specific offence. The estimated total social cost is more than € 38 billion, which amounts to about 2.6% of Italy's GDP. To show the usefulness of these measures, we borrow the elasticity estimates from recent studies concerning the determinants of crime in Italy and calculate the cost associated with the surge in crime fuelled by unemployment and pardons. Indeed, in both cases such costs are substantial, implying that they should no longer be skipped when assessing the relative desirability of public policies towards crime.

Suggested Citation

  • C. Detotto & M. Vannini, 2010. "Counting the cost of crime in Italy," Working Paper CRENoS 201013, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  • Handle: RePEc:cns:cnscwp:201013
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    References listed on IDEAS

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    1. Di Liberto Adriana, 2007. "Convergence and Divergence in Neoclassical Growth Models with Human Capital," Economia politica, Società editrice il Mulino, issue 2, pages 289-322.
    2. Juan Luis Eugenio-Martín & Noelia Martín Morales & Riccardo Scarpa, 2004. "Tourism and Economic Growth in Latin American Countries: A Panel Data Approach," Working Papers 2004.26, Fondazione Eni Enrico Mattei.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Italian Crime Fact of the Day
      by Ariel Goldring in Free Market Mojo on 2010-10-05 16:00:53

    Citations

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    Cited by:

    1. Concha Verdugo Yepes & Peter L. Pedroni & Xingwei Hu, 2015. "Crime and the Economy in Mexican States; Heterogeneous Panel Estimates (1993-2012)," IMF Working Papers 15/121, International Monetary Fund.
    2. Alessandro Barbarino & Giovanni Mastrobuoni, 2014. "The Incapacitation Effect of Incarceration: Evidence from Several Italian Collective Pardons," American Economic Journal: Economic Policy, American Economic Association, vol. 6(1), pages 1-37, February.
    3. Oliviero A. Carboni & Claudio Detotto, 2016. "The economic consequences of crime in Italy," Journal of Economic Studies, Emerald Group Publishing, vol. 43(1), pages 122-140, January.
    4. Luca Zanin & Rosalba Radice & Giampiero Marra, 2013. "Estimating the Effect of Perceived Risk of Crime on Social Trust in the Presence of Endogeneity Bias," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 114(2), pages 523-547, November.
    5. Detotto, Claudio & Pulina, Manuela, 2010. "Assessing substitution and complementary effects amongst crime typologies," MPRA Paper 20046, University Library of Munich, Germany.
    6. Tânia Dias & Pedro Sousa, 2012. "Explicit Social Costs Of Crime In A Time Of Crisis - Costs Of Law Enforcement In The Drivers’ Crimes," Book Chapters, Institute of Economic Sciences.
    7. Paolo Buonanno & Daniel Montolio & Josep Raya-Vílchez, 2013. "Housing prices and crime perception," Empirical Economics, Springer, vol. 45(1), pages 305-321, August.

    More about this item

    Keywords

    cost of crime; cost–benefit analysis; investments in public security;

    JEL classification:

    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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