TY - JOUR
T1 - Victimisation, wellbeing and compensation
T2 - using panel data to estimate the costs of violent crime
AU - Johnston, David W.
AU - Shields, Michael A.
AU - Suziedelyte, Agne
PY - 2018/6
Y1 - 2018/6
N2 - 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).
AB - 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).
UR - http://www.scopus.com/inward/record.url?scp=85048265269&partnerID=8YFLogxK
U2 - 10.1111/ecoj.12478
DO - 10.1111/ecoj.12478
M3 - Article
AN - SCOPUS:85048265269
SN - 0013-0133
VL - 128
SP - 1545
EP - 1569
JO - The Economic Journal
JF - The Economic Journal
IS - 611
ER -
