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Counting the cost of crime in Italy

Detotto, Claudio and Vannini, Marco (2010) Counting the cost of crime in Italy. Cagliari, CRENoS-CUEC. p. 20 (Working Papers CRENoS, 2010, 13). ISBN 978-88-84-67-594-1. Working Paper.

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Abstract

The aim of this paper is to gauge the cost of crime in Italy by concentrating on a subset of offences covering about 64% of total recorded crime in year 2006. Following the breakdown of costs put forward by Brand and Price, we focus on the costs in anticipation, as a consequence and in response to a specific offence. The estimated total social cost is more than € 38 billion, which amounts to about 2.6% of Italy’s GDP. To show the usefulness of these measures, we borrow the elasticity estimates from recent studies concerning the determinants of crime in Italy and calculate the cost associated with the surge in crime fuelled by unemployment and pardons. Indeed, in both cases such costs are substantial, implying that they should no longer be skipped when assessing the relative desirability of public policies towards crime.

Item Type:Working Paper
ID Code:5631
Status:Published
Uncontrolled Keywords:Cost of crime, Cost–Benefit Analysis, Investments in public security
Subjects:Area 13 - Scienze economiche e statistiche > SECS-P/01 Economia politica
Divisions:002 Altri enti e centri di ricerca del Nord Sardegna > CRENoS-Centro Ricerche Economiche Nord Sud, Università di Cagliari e Università di Sassari
001 Università di Sassari > 01 Dipartimenti > Economia, impresa, regolamentazione
Publisher:CRENoS-CUEC
Copyright Holders:© CUEC 2010
ISBN:978-88-84-67-594-1
Publisher Policy:Depositato per gentile concessione del CRENoS e di CUEC
Deposited On:23 Feb 2011 08:19

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