Chapter

The Mythical Importance of Productivity Losses

Philip J. Cook and Jens Ludwig

in Gun Violence

Published in print February 2002 | ISBN: 9780195153842
Published online March 2012 | e-ISBN: 9780199849208 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195153842.003.0006

Series: Studies in Crime and Public Policy

The Mythical Importance of Productivity Losses

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This chapter evaluates the market losses due to gun violence, particularly the lost earnings of gunshot victims. It explains that the loss of productivity resulting from gun injuries has in the aggregate little or no effect on the standard of living of others in the community. Moreover, the victims were, on average, consuming as much as they produced. Where productivity and earnings are important is in financing an individual's actual and potential expenditure on reducing the risk of gun violence. The value of reducing injuries resides primarily in this subjective valuation, which may be correlated with earnings but leads to quite different conclusions.

Keywords: earnings; productivity; gun violence; gun injuries; expenditure

Chapter.  1870 words.  Illustrated.

Subjects: Criminal Law

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