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

Jens Ludwig and Philip J Cook

Journal of Risk and Uncertainty, 2001, vol. 22, issue 3, 207-26

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 percent. We estimate that the public's WTP to reduce gun assaults by 30 percent 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. Copyright 2001 by Kluwer Academic Publishers

Date: 2001
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Working Paper: The Benefits of Reducing Gun Violence: Evidence from Contingent-Valuation Survey Data (1999)
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