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NCJRS Abstract

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  NCJ Number: NCJ 221111     Find in a Library
  Title: Impact of Economic Conditions on Robbery and Property Crime: The Role of Consumer Sentiment
  Dataset URL: DATASET 1
  Author(s): Richard Rosenfeld ; Robert Fornango
  Journal: Criminology  Volume:45  Issue:4  Dated:November 2007  Pages:735 to 770
  Date Published: 11/2007
  Page Count: 36
  Annotation: This study examined the relationship between the Index of Consumer Sentiment (ICS), a summary indicator, and regional robbery, burglary, larceny, and motor vehicle theft rates in the United States between 1970 and 2003.
  Abstract: The results conclude that collective economic perceptions and attitudes influence robbery and property crime rates; changing consumer attitudes help to explain temporal variation in crime rates, which included the dramatic decline during the 1990s. Approximately one third of the drop in robbery and burglary rates, one half of the drop in larceny, and one quarter of the decline in motor vehicle theft during the 1990s were able to be attributed to improving consumer sentiment, although the estimates were the midpoints of broad confidence intervals, indicating that the true effects could be appreciably smaller or larger. Additionally, the 1970 through 2003 model estimates for consumer sentiment, Gross Domestic Product (GDP), and imprisonment yielded accurate predictions for 2004 robbery and property crime rates, and 2005 burglary and larceny rates, but much less accurate predictions for the 2005 rates of robbery and motor vehicle theft. Consumer sentiment had significant negative effects on robbery and property crime rates in 1970 through 2003 region-level panel models, incorporating controls for other crime determinants, including unemployment and real GDP per capita. The effect of consumer sentiment on robbery rates remains significant in models that contain both measures, and might interpret some of the GDP effect, which is a finding consistent with crime theories that imply perceived economic conditions are as important, or more important, than objective circumstances in their effect on crime rates. The data were collected from the Federal Bureau of Investigation’s Unified Crime Report and compared with the University of Michigan’s ICS. Tables, figures, references, and appendix
  Main Term(s): Larceny/Theft ; Economic analysis ; Consumers ; Economic analysis of crime ; Economic crime models
  Index Term(s): Burglary ; Comparative analysis ; Comparative criminology ; Burglary causes ; Theft causes
  Sponsoring Agency: National Institute of Justice (NIJ)
US Department of Justice
Office of Justice Programs
United States of America
  Grant Number: 2002-RG-CX-K005
  Publisher URL: http://www.blackwellpublishing.com/ 
  Type: Report (Study/Research)
  Country: United States of America
  Language: English
   
  To cite this abstract, use the following link:
https://www.ncjrs.gov/App/Publications/abstract.aspx?ID=242968

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