Measuring the fear of crime in Singapore : a contingent valuation approach
This study attempts to estimate the intangible costs of fear of crime in Singapore, using the Contingent Valuation method. In a demographically representative sample of 660 Singapore residents, the public‟s willingness-to-pay for a 10% reduction in (1) Robbery, (2) Housebreaking, (3) Rape & Out...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2017
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/70401 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | This study attempts to estimate the intangible costs of fear of crime in Singapore, using the Contingent Valuation method. In a demographically representative sample of 660 Singapore residents, the public‟s willingness-to-pay for a 10% reduction in (1) Robbery, (2) Housebreaking, (3) Rape & Outrage of Modesty, (4) Serious Hurt and (5) Murder are estimated to be within S$55 to S$65. Collectively, the total social costs approximately amount to S$686 million per Robbery, S$653 million per Housebreaking, S$764 million per Rape & Outrage of Modesty, S$689 million per Serious Hurt and S$735 million per Murder. The total social benefits gained from preventing crimes in Singapore and the United States are S$3.53 billion (0.92%of GDP) and S$869 billion (3.98% of GDP) respectively, reflecting the diminishing marginal returns in the cost-effectiveness of Singapore's crime control programs. |
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