Thoughts about risk, insurance, terrorism, disasters, public policy, and other things that interest me
Saturday, July 18, 2009
Policing Costs in the U.S. and California
Based on U.S. DOJ crime statistics, U.S. Census state and local government finance statistics, and CPI-U statistics, U.S. policing costs per crime are rising 4.1 % faster than consumer inflation annually, and California policing costs per crime are rising 4.9 % annually in excess of consumer inflation.
Based on the work of Anderson, D. A. [1999, The aggregate burden of crime. J. Law Econ. 42: 611-637] and Bartley, W. A. [2000, Valuation of specific crime rates. National Criminal Justice Reference Service: Vanderbilt University School of Economics] and Uniform Crime Data, I calculate that each crime's tangible cost to American society is about $10,750. Each violent crime's cost to society is approximately $39,700. Currently, U.S. policing costs are about $7400 per crime or $60,600 per violent crime. In California, these respective costs are about $10,960 and $78,600. In California, diminishing marginal utility of policing exists; perhaps, this is a reflection of societal risk aversion. It is apparent, however, that these costs can rationally be reduced.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment