| Abstract: | Previous studies of the seriousness of crime have attempted to elicit information from public surveys. This paper reports on an alternative method of ranking the severity of crime. Actual victim injury rates are combined with jury awards in personal injury accident cases to estimate pain, suffering, and fear. Crime-related death rates are combined with estimates of the value of life to arrive at monetary values for the risk of death. These estimates are combined with out-of-pocket costs (such as medical costs and lost wages) to arrive at total dollar estimates of the cost of individual crimes to victims. These dollar estimates are then used to rank the seriousness of crimes. Although these two approaches yield surprisingly similar rankings, the monetary estimates indicate that violent crimes are relatively more costly to victims than survey results might imply. |
