TY - JOUR
T1 - Life Satisfaction and Individual Willingness to Pay for Crime Reduction
AU - Manning, Matthew
AU - Fleming, Christopher Mark
AU - Ambrey, Christopher L
PY - 2016
Y1 - 2016
N2 - 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.
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.
UR - https://www.scopus.com/pages/publications/84945218709
U2 - 10.1080/00343404.2015.1082030
DO - 10.1080/00343404.2015.1082030
M3 - Article
VL - 50
SP - 2024
EP - 2039
JO - Regional Studies
JF - Regional Studies
IS - 12
ER -