The Economic Opportunity of Improving Peace in the United States

Steve Killelea and Camilla Schippa

Chapter 18 in Learning from the World, 2014, pp 254-266 from Palgrave Macmillan

Abstract: Abstract Violence is one of the great social and economic challenges facing the United States today. The physical, emotional, and societal benefits that would flow from improvements in peace is self-evident to most, yet peace is often overlooked in the broader economic debate. Violence creates significant direct costs for both businesses and governments: it reduces productivity, inhibits economic growth, reduces profits, and holds back job creation. Even relatively small reductions in violence would result in substantial economic gains that could lower unemployment and increase the living standards of the average American citizen.

Keywords: Gross Domestic Product; Violent Crime; Incarceration Rate; Economic Opportunity; Homicide Rate (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37213-0_18

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DOI: 10.1057/9781137372130_18

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