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

Journal Article (Journal Article)

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.

Full Text

Duke Authors

Cited Authors

  • Ludwig, J; Cook, PJ

Published Date

  • January 1, 2001

Published In

Volume / Issue

  • 22 / 3

Start / End Page

  • 207 - 226

International Standard Serial Number (ISSN)

  • 0895-5646

Digital Object Identifier (DOI)

  • 10.1023/A:1011144500928

Citation Source

  • Scopus