Citation

Cook PJ. NBER Work. Pap. Ser. 2008; 2008(online): w13781.

Copyright

(Copyright © 2008, National Bureau of Economic Research)

DOI

unavailable

PMID

unavailable

Abstract

Urban crime rates in the United States fell markedly during the 1990s and remain at historically low levels. The statistical evidence presented here indicates that that decline, like the crime surge that preceded it, has been largely uncorrelated with changes in socioeconomic conditions across cities. The ups and downs of crime have a considerable effect on residential location and property values. The police represent the largest public expenditure in city-level crime control efforts, and they are increasingly held accountable for reducing crime rates. Indeed, there is considerable evidence that an increase in police expenditures does pay off in the form of lower crime rates. This is an incomplete story, however. Assessments of police effectiveness typically neglect the considerable role of private and community-level protection and control efforts, not to mention the vital importance of (uncompensated) private inputs into police investigations. In areas with endemically high violence rates, the reluctance of witnesses to cooperate remains a serious problem.