2015
DOI: 10.1111/1745-9133.12167
|View full text |Cite
|
Sign up to set email alerts
|

Monetary Value of Early Developmental Crime Prevention and Its Policy Significance

Abstract: N o r t h e a s t e r n U n i v e r s i t y N e t h e r l a n d s I n s t i t u t e f o r t h e S t u d y o f C r i m e a n d L a w E n f o r c e m e n t David P. FarringtonC a m b r i d g e U n i v e r s i t y I t does not seem so long ago that, while one of us (Welsh) was working on his doctoral dissertation at Cambridge University, we were invited to go to London to brief senior Treasury officials on new research on the benefit-cost analysis (BCA) of crime-prevention programs. This was 1997 and the doctoral… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1

Citation Types

0
10
0
1

Year Published

2017
2017
2023
2023

Publication Types

Select...
7
3

Relationship

1
9

Authors

Journals

citations
Cited by 20 publications
(11 citation statements)
references
References 23 publications
0
10
0
1
Order By: Relevance
“…An OR of 1.46 is also practically relevant: depending on the prevalence of behavior problems in a cohort, it could indicate a reduction from 20% to 15%, that is, of one-quarter (Wilson and Lipsey 2007). Since long criminal careers of young people are very costly (Cohen and Piquero 2009;Piquero et al 2013), even small effects of prevention programs can be cost-effective (Aos et al 2004;Welsh and Farrington 2015).…”
Section: Replication In Developmental Preventionmentioning
confidence: 99%
“…An OR of 1.46 is also practically relevant: depending on the prevalence of behavior problems in a cohort, it could indicate a reduction from 20% to 15%, that is, of one-quarter (Wilson and Lipsey 2007). Since long criminal careers of young people are very costly (Cohen and Piquero 2009;Piquero et al 2013), even small effects of prevention programs can be cost-effective (Aos et al 2004;Welsh and Farrington 2015).…”
Section: Replication In Developmental Preventionmentioning
confidence: 99%
“…Moreover, these delinquent behaviors impose a significant toll on our nation. A recent study estimates that the cost to society of a single serious offender aggregates to $5.7 million (Cohen & Piquero, 2007;Welsh & Farrington, 2015). Therefore, preventing first-time offending youth from repeating delinquent behavior is of particular interest and tremendous benefit to our society.…”
Section: Introductionmentioning
confidence: 99%
“…Nonetheless, several prominent economists have been critical of this methodology for its ability to place direct monetary value on intrinsic public goods (e.g., Diamond and Hausman, ; Hausman, ). More recently, a special issue of Criminology & Public Policy devoted entirely to the topic of the costs of crime raises similar concerns about the utility of WTP estimates for cost–benefit analyses (Black, Solow, and Taylor, ; Manski, ), as well as articles in support (Dominiguez and Raphael, ; Welsh and Farrington, ). The present analysis circumvents this complicated and often contentious issue entirely, specifically by focusing on preferences for different policy alternatives rather than on direct valuation of these options.…”
Section: Measuring Public Opinion Support and Preferences For Crimimentioning
confidence: 99%