The Economic Impact of Crimes In The United States: A Statistical Analysis on Education, Unemployment And Poverty
Journal Title: American journal of Engineering Research - Year 2017, Vol 6, Issue 12
Abstract
Aim: Estimating the cost of crimes is essential to evaluate the economy of any country. The statistical facts will guide business adventures in making decision on investment in the particular country because increased crime rates steadily increase the incarceration rate which is considerably costly to taxpayers. Objectives: The objective of this review is to test the relationship between the selected dependent variable with independent variables applying the multiple regression model. This research selected crime index as a dependent variable. The independent variables selected for this study includes unemployment, poverty, and education. An effort is made to relate variables with criminal activity to suggest possible solutions or remedies. Methodology: Multiple sources including published articles and government reports are reviewed when estimating the economic losses associated with criminal activity. This study presents a comprehensive methodology for calculating the cost to society for various criminal acts like murder, rape, robbery, aggravated assaults, burglary, larceny, motor vehicle theft etc. Conclusion: Statistical findings showed that a 1% increase in poverty will increase crime rates by 0.83% and a 1% increase in higher education will decrease crime rates by 0.23% per year. Updated crime cost estimates will help government agencies and other organizations finding remedies that reduce crime.
Authors and Affiliations
1 Jayshree D. Patel,, Reza Fadaei 2
Keywords
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