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The value of reducing fear: an analysis using the European Social Survey

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  • Simon Christopher Moore

Abstract

This paper calculates the shadow price of fear of crime using the European Social Survey. A multiple regression model is specified with happiness as the outcome variable and fear of crime, total household income and control variables as independent variables. Both income and fear of crime are significantly associated with happiness and the total household income required to compensate an average household for an increase in fear of crime is estimated.

Suggested Citation

  • Simon Christopher Moore, 2006. "The value of reducing fear: an analysis using the European Social Survey," Applied Economics, Taylor & Francis Journals, vol. 38(1), pages 115-117.
    • Handle: RePEc:taf:applec:v:38:y:2006:i:1:p:115-117
    DOI: 10.1080/00036840500368094
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    References listed on IDEAS

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    1. Lelkes, Orsolya, 2006. "Knowing what is good for you: Empirical analysis of personal preferences and the "objective good"," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(2), pages 285-307, April.
    2. Bernard M. S. van Praag & Barbara E. Baarsma, 2005. "Using Happiness Surveys to Value Intangibles: The Case of Airport Noise," Economic Journal, Royal Economic Society, vol. 115(500), pages 224-246, January.
    3. Moulton, Brent R, 1990. "An Illustration of a Pitfall in Estimating the Effects of Aggregate Variables on Micro Unit," The Review of Economics and Statistics, MIT Press, vol. 72(2), pages 334-338, May.
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    Cited by:

    1. Andreas Knabe & Steffen Ratzel, 2011. "Quantifying the psychological costs of unemployment: the role of permanent income," Applied Economics, Taylor & Francis Journals, vol. 43(21), pages 2751-2763.
    2. Clément, Matthieu & Piaser, Lucie, 2021. "Do inequalities predict fear of crime? Empirical evidence from Mexico," World Development, Elsevier, vol. 140(C).
    3. Mattheus Brenig & Till Proeger, 2018. "Putting a Price Tag on Security: Subjective Well-Being and Willingness-to-Pay for Crime Reduction in Europe," Journal of Happiness Studies, Springer, vol. 19(1), pages 145-166, January.
    4. Irene Daskalopoulou & Athanasia Karakitsiou & Christina Malliou, 2022. "A Multicriteria Analysis of Life Satisfaction: Assessing Trust and Distance Effects," SN Operations Research Forum, Springer, vol. 3(4), pages 1-20, December.
    5. Mark A. Cohen, 2008. "The Effect of Crime on Life Satisfaction," The Journal of Legal Studies, University of Chicago Press, vol. 37(S2), pages 325-353, June.
    6. Woei-Chyuan Wong & Adilah Azhari & Nur Adiana Hiau Abdullah & Chee Yin Yip, 2019. "Estimating the impact of crime risk on housing prices in Malaysia," International Journal of Housing Markets and Analysis, Emerald Group Publishing Limited, vol. 13(5), pages 769-789, November.
    7. Stéphane Mahuteau & Rong Zhu, 2016. "Crime Victimisation and Subjective Well‐Being: Panel Evidence From Australia," Health Economics, John Wiley & Sons, Ltd., vol. 25(11), pages 1448-1463, November.
    8. Intan Hashimah Mohd Hashim & Norzarina Mohd-Zaharim & Premalatha Karupiah & Nor Hafizah Selamat & Noraida Endut & Azwan Azmawati Azman, 2019. "Crime and Social Connectedness in Malaysian Gated Communities," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 144(3), pages 1179-1193, August.
    9. Daskalopoulou, Irene & Karakitsiou, Athanasia & Malliou, Christina, 2022. "Fear of crime and Roma integration," Journal of Policy Modeling, Elsevier, vol. 44(2), pages 344-360.
    10. David W. Johnston & Michael A. Shields & Agne Suziedelyte, 2018. "Victimisation, Well†being and Compensation: Using Panel Data to Estimate the Costs of Violent Crime," Economic Journal, Royal Economic Society, vol. 128(611), pages 1545-1569, June.
    11. Chenlu Li & Simon C Moore & Jesse Smith & Sarah Bauermeister & John Gallacher, 2019. "The costs of negative affect attributable to alcohol consumption in later life: A within-between random longitudinal econometric model using UK Biobank," PLOS ONE, Public Library of Science, vol. 14(2), pages 1-15, February.
    12. Diana Romero‐Espinosa & Mauricio Sarrias & Ricardo Daziano, 2021. "Are preferences for city attributes heterogeneous? An assessment using a discrete choice experiment," Papers in Regional Science, Wiley Blackwell, vol. 100(1), pages 251-272, February.
    13. Brenig, Mattheus & Proeger, Till, 2016. "Putting a price tag on security: Subjective well-being and willingness-to-pay for crime reduction in Europe," University of Göttingen Working Papers in Economics 278, University of Goettingen, Department of Economics.
    14. Iddisah Sulemana, 2015. "The Effect of Fear of Crime and Crime Victimization on Subjective Well-Being in Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 121(3), pages 849-872, April.
    15. Fan Meng & Peng Nie & Alfonso Sousa-Poza, 2023. "The intangible costs of overweight and obesity in Germany," Health Economics Review, Springer, vol. 13(1), pages 1-10, December.
    16. Cheng, Zhiming & Smyth, Russell, 2015. "Crime victimization, neighborhood safety and happiness in China," Economic Modelling, Elsevier, vol. 51(C), pages 424-435.
    17. Matthew Manning & Christopher M. Fleming & Hien-Thuc Pham & Gabriel T. W. Wong, 2022. "What Matters More, Perceived or Real Crime?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(3), pages 1221-1248, October.
    18. Christopher Ambrey & Christopher Fleming & Matthew Manning, 2014. "Perception or Reality, What Matters Most When it Comes to Crime in Your Neighbourhood?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 119(2), pages 877-896, November.
    19. Adriana Villamarin Garcia, 2011. "Prevenir y calcular una estimacion de los costos de la violencia homicida en Colombia," Documentos de CERAC 9108, CERAC -Centro de Recursos para el Análisis de Conflictos.
    20. Timothy Tyler Brown, 2013. "A monetary valuation of individual religious behaviour: the case of prayer," Applied Economics, Taylor & Francis Journals, vol. 45(15), pages 2031-2037, May.
    21. Peter Tyler & Colin Warnock & Allan Provins & Bruno Lanz, 2013. "Valuing the Benefits of Urban Regeneration," Urban Studies, Urban Studies Journal Limited, vol. 50(1), pages 169-190, January.
    22. Christopher L Ambrey & Christopher M Fleming & Matthew Manning, 2013. "The life satisfaction approach to estimating the cost of crime: An individual's willingness-to-pay for crime reduction," Discussion Papers in Economics economics:201301, Griffith University, Department of Accounting, Finance and Economics.
    23. Adriana Villamarín García, "undated". "Prevenir y calcular: una estimación de los costos de la violencia homicida en Colombia," Vniversitas Económica 8873, Universidad Javeriana - Bogotá.
    24. Usman Ghani & Peter Toth & Dávid Fekete, 2022. "Incorporating Survey Perceptions of Public Safety and Security Variables in Crime Rate Analyses for the Visegrád Group (V4) Countries of Central Europe," Societies, MDPI, vol. 12(6), pages 1-19, November.
    25. Zhizhin, Leonid & Knorre, Alex & Kuchakov, Ruslan & Skougarevskiy, Dmitriy, 2023. "Cost of crime in Russia: A compensating variation approach," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 69, pages 91-120.

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