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NCJRS Abstract

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  NCJ Number: NCJ 241027     Find in a Library
  Title: Violence Containment Spending in the United States: A New Methodology to Categorize and Account for the Economic Activity Related to Violence
  Document URL: PDF 
  Corporate Author: Institute for Economics & Peace
United States of America
  Date Published: 2012
  Page Count: 40
  Annotation: This report determines what violence containment costs are being spent in the United States.
  Abstract: Violence containment costs are related to the prevention of or mending the consequences of violence against person or property. This report outlines a conservative and indicative analysis of the size of private and public sector spending on violence containment in the United States. Key findings indicate that containment spending in the United States amounted to $2.16 trillion in 2010 equivalent to just over $15,000 for each taxpayer or $7,000 per year for every man, woman and child; if violence containment spending was represented as a discrete industry, it would be the largest industry in the United States economy, larger than construction, real estate, professional services or manufacturing; if violence containment spending was represented as a discrete national economic entity, it would be the seventh largest economy in the world, only slightly smaller than the United Kingdom economy; violence containment spending is four times higher than the national defense budget; public sector spending on VCI accounts for 10.8 percent of GDP while private sector spending is 4.2 percent of GDP; if U.S. Federal violence containment spending was reduced by $326 billion or 25 percent, then in 1 year, the saved funds would be sufficient to entirely update the energy grid, rebuild all levies and renew the Nation’s school infrastructure. Tables, figures, and appendixes
  Main Term(s): Economic analysis of crime
  Index Term(s): Economic influences ; Violence ; Economic analysis ; US/foreign comparisons ; Economic models ; Economic crime models ; Economic impact of prisons
  Sale Source: Institute for Economics & Peace
United States of America
  Type: Report (Study/Research)
  Country: United States of America
  Language: English
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