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Costs of Crime in Victoria

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  • Russell Smyth

Abstract

This paper provides an estimate of the costs to the Victorian community in 2009-2010. The findings from this study suggest that the costs of crime in Victoria in 2009-2010 were $9.8 billion. This amount is equivalent to $1678 per person in Victoria or 3.4% of Gross State Product in Victoria in 2009-2010. Where possible, Victorian contemporaneous estimates of the per incident cost of crime have been used. However, in many instances this information is not available and we have had to use earlier values for Victoria or data from other jurisdictions converted to 2010 Australian dollars. For this reason, the estimates reported here, as well as in similar other studies, should not be regarded as definitive.

Suggested Citation

  • Russell Smyth, 2011. "Costs of Crime in Victoria," Monash Economics Working Papers 25-11, Monash University, Department of Economics.
  • Handle: RePEc:mos:moswps:2011-25
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    File URL: http://www.buseco.monash.edu.au/eco/research/papers/2011/2511costsofcrimesmyth.pdf
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    References listed on IDEAS

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    1. Brand, Sam & Price, Richard, 2000. "The economic and social costs of crime," MPRA Paper 74968, University Library of Munich, Germany.
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    Cited by:

    1. Nikhil Jha & Cain Polidano, 2016. "Vocational Education and Training: A Pathway to the Straight and Narrow," Melbourne Institute Working Paper Series wp2016n21, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.

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