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

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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.

Document Type: Research Article


Affiliations: Violence Research Group, Wales College of Medicine, Biology and Life Sciences, Cardiff University, Cardiff CF14 4XY, UK

Publication date: 2006-01-20

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