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NCJRS Abstract

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NCJ Number: 119706 Find in a Library
Title: Note on the Cost of Crime to Victims
Author(s): M A Cohen
Date Published: 1989
Page Count: 21
Type: Report (Technical)
Format: Document
Language: English
Country: United States of America
Annotation: Financial estimates of the cost of individual crimes to victims were derived by applying estimates of the value of life as well as jury awards in injury accident cases to actual injury and death rates and were found to provide some independent verification for estimates based on studies of property values.
Abstract: The research used data from the Bureau of Justice Statistics and other sources. It focused on the pain, suffering, and fear endured by crime victims and estimated the financial levels of these effects using actual injury rates and jury awards. It also combined crime-related death rates with estimates of the value of life to arrive at the monetary values for the risk of death. This approach produced cost estimates for specific types of crimes. When these estimates were converted to an aggregate crime index, the estimates were quite consistent with the estimates obtained from property value studies using hedonic pricing models that compare property values in areas with high and low crime rates. The two methodologies have conceptual differences and have many empirical limitations. In addition, the estimates of the present research are uncertain and need further refinements. Nevertheless, the approach used deserves further study. In particular, jury awards appear to be an underused and valuable source of data.
Main Term(s): Crime costs
Index Term(s): Cost analysis; Psychological victimization effects; Victim reactions to crime
Note: To be published in Urban Studies, V 26, N 6 (December 1989)
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=119706

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