The Economic Benefits of Reducing Violent Crime: A Case Study of 8 American Cities
| Cataloged on:
Aug. 15, 2012
ANNOTATION: “This report presents the findings and conclusions of a yearlong project to examine and analyze the costs of violent crimes in a sample of eight major American cities and estimate the savings and other benefits that would accompany significant reductions in those crimes. This analysis draws on data pinpointing the incidence and location of murders, rapes, assaults, and robberies. The data were provided by the police departments of Boston, Chicago, Dallas, Houston, Jacksonville, Milwaukee, Philadelphia, and Seattle … This report also examines certain intangible costs associated with violent crime, including the pain and suffering of the surviving victims of violent crime and the costs to the families of murder victims.” (p. 2-3). Sections of this publication include: introduction and summary; the consequences of falling crime rates on real estate values, city budgets, and local residents; the impact of lower rates of violent crime on real estate values; estimating other direct savings and intangible benefits of reducing violent crime; the costs of violent crimes for eight U.S. cities and the benefits and savings from reducing those crimes; and alternative uses of the municipal savings from reducing violent crime. The reduction of violent crime can result in significant savings for municipalities and benefits for citizens, especially increased house prices.