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ISU team calculates societal costs of five major crimes; finds murder at $17.25 million

News release: “Murder takes an obvious toll on society in terms of the loss of human life, but what does it actually cost each time there’s a murder? It’s about $17.25 million according a recent study by an Iowa State University sociologist. Matt DeLisi, an ISU associate professor of sociology and director of the criminal justice program, led a team of five Iowa State graduate students on the study of 654 convicted and incarcerated murderers. Expanding upon earlier monetization estimates, they calculated the costs of five crimes — murder, rape, armed robbery, aggravated assault and burglary — in terms of the victim costs, criminal justice system costs, lost productivity estimates for both the victim and the criminal, and estimates on the public’s resulting willingness to pay to prevent future violence.”

  • Murder by numbers: monetary costs imposed by a sample of homicide offenders – August 2010 edition of The Journal of Forensic Psychiatry & Psychology [fee]
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