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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.

Suggested Citation

  • Rodrigo Reis Soares, 2010. "Welfare Costs of Crime and Common Violence: A Critical Review," Textos para discussão 581, Department of Economics PUC-Rio (Brazil).
  • Handle: RePEc:rio:texdis:581
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    File URL: http://www.econ.puc-rio.br/pdf/td581.pdf
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    References listed on IDEAS

    as
    1. Gary S. Becker, 1974. "Crime and Punishment: An Economic Approach," NBER Chapters,in: Essays in the Economics of Crime and Punishment, pages 1-54 National Bureau of Economic Research, Inc.
    2. Soares, Rodrigo R., 2006. "The welfare cost of violence across countries," Journal of Health Economics, Elsevier, vol. 25(5), pages 821-846, September.
    3. Peter Lorentzen & John McMillan & Romain Wacziarg, 2008. "Death and development," Journal of Economic Growth, Springer, vol. 13(2), pages 81-124, June.
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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 674, Banco de la Republica de Colombia.
    2. Marco Manacorda & Martin Foureaux Koppensteiner, 2013. "The Effect of Violence on Birth Outcomes: Evidence from Homicides in Rural Brazil," IDB Publications (Working Papers) 4613, Inter-American Development Bank.

    More about this item

    Keywords

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

    JEL classification:

    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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