Abstract
Manning M., Fleming C. M. and Ambrey C. L. Life satisfaction and individual willingness to pay for crime reduction, Regional Studies. This paper uses the life satisfaction approach to estimate the intangible cost of crime in the state of New South Wales, Australia. Results show that: (1) property crime is negatively associated with life satisfaction; (2) the implicit willingness to pay to decrease property crime by one offence per 1000 residents in the local government area (LGA) in the previous 12 months is A$82 per household (A$32 per person); and (3) the difference in implicit willingness-to-pay estimates when using restricted windfall income compared with household income is considerable. These results are robust to a significant number of controls.
| Original language | English |
|---|---|
| Pages (from-to) | 2024-2039 |
| Journal | Regional Studies |
| Volume | 50 |
| Issue number | 12 |
| DOIs | |
| Publication status | Published - 1 Dec 2016 |
| Externally published | Yes |
Bibliographical note
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This research would not have been possible without data provided by the Australian Government Department of Social Services (DSS), the Australian Bureau of Statistics (ABS), and the New South Wales Bureau of Crime Statistics and Research. In particular, the authors thank Dr Don Weather burn for his assistance and guidance. They also thank the three anonymous referees for helpful feedback on earlier drafts of the paper. All errors and omissions remain the authors’ own. This paper uses unit record data from the Household, Income and Labour Dynamics in Australia (HILDA) survey. The HILDA Project was initiated and is funded by the DSS and is managed by the Melbourne Institute of Applied Economic and Social Research (Melbourne Institute).
Research Keywords
- Costs of crime
- Life satisfaction approach
- Non-market valuation
- Property crime