Victimisation, Well-being and Compensation: Using Panel Data to Estimate the Costs of Violent Crime

• 成果类型: Article
• 署名作者: Johnston, David W.; Shields, Michael A.; Suziedelyte, Agne
• 署名单位: Monash University; University of London
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12478
• 发表日期: 2018
• 页码: 1545-1569
• 关键词: posttraumatic-stress-disorder; valuing public-goods; life satisfaction; happiness; trauma; pain; IMPACT; awards

摘要

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).