The impact of electronic financial payments on crime

Laura E. Armey, Jonathan Lipow and Natalie Webb ()

Information Economics and Policy, 2014, vol. 29, issue C, 46-57

Abstract: In this paper, we test the hypothesis that access to electronic payments may reduce crime. Our results suggest that there is a negative and significant statistical relationship between access to electronic payments and the incidence of economic crimes such as robbery and burglary, while electronic transactions do little to reduce the incidence of non-economic crimes such as homicide and rape. This paper provides evidence that policies and technologies that enable the proliferation of cashless transactions have the desired impact of deterring crime.

Keywords: Electronic financial transactions; Crime; Cashless economy (search for similar items in EconPapers)
JEL-codes: G21 K42 O3 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:iepoli:v:29:y:2014:i:c:p:46-57

DOI: 10.1016/j.infoecopol.2014.10.002

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