Journal of Risk and Uncertainty

, Volume 22, Issue 3, pp 207–226

The Benefits of Reducing Gun Violence: Evidence from Contingent-Valuation Survey Data

Authors

  • Jens Ludwig
    • National Consortium on Violence Research, and Georgetown Public Policy InstituteGeorgetown University
  • Philip J. Cook
    • National Consortium on Violence Research, and National Bureau of Economic ResearchDuke University
Article

DOI: 10.1023/A:1011144500928

Cite this article as:
Ludwig, J. & Cook, P.J. Journal of Risk and Uncertainty (2001) 22: 207. doi:10.1023/A:1011144500928

Abstract

This article presents an estimate of the benefits of reducing crime using the contingent-valuation (CV) method. We focus on gun violence, a crime of growing policy concern in America. Our data come from a national survey in which we ask respondents referendum-type questions that elicit their willingness-to-pay (WTP) to reduce gun violence by 30%. We estimate that the public's WTP to reduce gun assaults by 30% equals $24.5 billion, or around $1.2 million per injury. Our estimate implies a statistical value of life that is quite consistent with those derived from other methods.

costs of crimegun violencecontingent valuation

Copyright information

© Kluwer Academic Publishers 2001