Life Satisfaction and Individual Willingness to Pay for Crime Reduction

Matthew Manning; Christopher Mark Fleming; Christopher L Ambrey

doi:10.1080/00343404.2015.1082030

Life Satisfaction and Individual Willingness to Pay for Crime Reduction

Matthew Manning, Christopher Mark Fleming, Christopher L Ambrey

Research output: Contribution to journal › Article › peer-review

39 Citations (Scopus)

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)	2024-2039pp
Journal	Regional Studies
Volume	50
Issue number	12
DOIs	https://doi.org/10.1080/00343404.2015.1082030
Publication status	Published - 2016

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10.1080/00343404.2015.1082030

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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.",

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AB - 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.

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Life Satisfaction and Individual Willingness to Pay for Crime Reduction

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