In this podcast episode dedicated to the new edition of the Handbook of Labor Economics, Professor Stephen Machin from the London School of Economics discusses the recent advances in the Economics of Crime.
What are the economic consequences of crime on society? What is the impact of crime on victims? Professor Machin illustrates how better administrative data has helped quantify the labour market and psychological effects of crime and has shown how such effects are long-lasting. Improved estimates of the costs of crime can inform more effective policy decisions, potentially guiding the prioritization of resource allocation for crime reduction.
What are the economic consequences of crime on society? What is the impact of crime on victims? Professor Machin illustrates how better administrative data has helped quantify the labour market and psychological effects of crime and has shown how such effects are long-lasting. Improved estimates of the costs of crime can inform more effective policy decisions, potentially guiding the prioritization of resource allocation for crime reduction.
