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The cost of fear: shadow pricing the intangible costs of crime

Moore, Simon Christopher ORCID: and Shepherd, Jonathan Paul ORCID: 2006. The cost of fear: shadow pricing the intangible costs of crime. Applied Economics 38 (3) , pp. 293-300. 10.1080/00036840500367781

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This study employs a cross sectional crime survey of UK residents to estimate the shadow price of victimization with respect to fear of crime. Particular attention is paid to the relationship between household income and fear of crime and potential mediating variables such as neighbourhood deprivation and neighbourhood crime rates. A robust relationship between fear of crime and income is demonstrated having controlled for deprivation and crime rate. Further analyses suggest that a substantial increase in household income is required to offset the threat of physical violence. However, actual victimization (burglary, physical violence and car crime) do not significantly influence fear of crime.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Dentistry
Subjects: H Social Sciences > HV Social pathology. Social and public welfare
ISSN: 1466-4283
Last Modified: 01 Apr 2024 06:45

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