Victimisation, wellbeing and compensation: using panel data to estimate the costs of violent crime

Research output: Contribution to journalArticleResearchpeer-review

4 Citations (Scopus)

Abstract

The costs of violent crime victimisation are often left to a tribunal, judge or jury to determine, which can lead to considerable subjectivity and variation. Using panel data, this article provides compensation estimates that help reduce the subjectivity of awards by providing a benchmark for the compensation required to offset direct and intangible costs. Individual-area fixed-effects models of well-being that allow for adaptation and the endogeneity of income suggest that, on average, A$88,000 is required to compensate a violent crime victim, with the amount being greater for females (A$102,000) than males (A$79,000).

Original languageEnglish
Pages (from-to)1545-1569
Number of pages25
JournalThe Economic Journal
Volume128
Issue number611
DOIs
Publication statusPublished - Jun 2018

Cite this

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abstract = "The costs of violent crime victimisation are often left to a tribunal, judge or jury to determine, which can lead to considerable subjectivity and variation. Using panel data, this article provides compensation estimates that help reduce the subjectivity of awards by providing a benchmark for the compensation required to offset direct and intangible costs. Individual-area fixed-effects models of well-being that allow for adaptation and the endogeneity of income suggest that, on average, A$88,000 is required to compensate a violent crime victim, with the amount being greater for females (A$102,000) than males (A$79,000).",
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Victimisation, wellbeing and compensation : using panel data to estimate the costs of violent crime. / Johnston, David W.; Shields, Michael A.; Suziedelyte, Agne.

In: The Economic Journal, Vol. 128, No. 611, 06.2018, p. 1545-1569.

Research output: Contribution to journalArticleResearchpeer-review

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AU - Shields, Michael A.

AU - Suziedelyte, Agne

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