Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/129089
Authors: 
Brenig, Mattheus
Proeger, Till
Year of Publication: 
2016
Series/Report no.: 
Discussion Papers, Center for European Governance and Economic Development Research 278
Abstract: 
Using information on life satisfaction and crime from the European Social Survey, we apply the life satisfaction approach (LSA) to determine the relationship between subjective well-being (SWB), income, victimization experience, fear of crime and various regional crime rates across European regions, while controlling for potentially confounding socio-economic variables. We show that fear of crime, criminal victimization and the average regionally perceived fear of crime significantly reduce life satisfaction across Europe. Building upon these results, we quantify the monetary value of improvements in public safety and its valuation in terms of individual well-being. The loss in satisfaction for victimized individuals corresponds to 21,790€. Increasing an average individual´s perception within his neighborhood from unsafe to safe yields a benefit equivalent to 12,700€. Our results regarding crime and SWB in Europe largely resemble previous results for different countries and other criminal contexts, whereby using the LSA as a valuation method for public good provision yields similar results as stated preference methods and considerably higher estimates than revealed preference methods.
Subjects: 
crime rate
fear of crime
life satisfaction approach
subjective well-being
willingness-to-pay
JEL: 
D10
H41
H56
I31
Document Type: 
Working Paper

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