Panic on the Streets of London: Police, Crime, and the July 2005 Terror Attacks
Draca, M, Machin, S and Witt, R (2011) Panic on the Streets of London: Police, Crime, and the July 2005 Terror Attacks American Economic Review, 101 (5). pp. 2157-2181.
panic_february_2009.pdf - Accepted version Manuscript
In this paper we study the causal impact of police on crime, looking at what happened to crime and police before and after the terror attacks that hit central London in July 2005. The attacks resulted in a large redeployment of police officers to central London as compared to outer London. During this time, crime fell significantly in central relative to outer London. The instrumental variable approach we use uncovers an elasticity of crime with respect to police of approximately −0.3 to −0.4, so that a 10 percent increase in police activity reduces crime by around 3 to 4 percent.
|Divisions :||Faculty of Business, Economics and Law > Economics|
|Date :||15 August 2011|
|Identification Number :||10.1257/aer.101.5.2157|
|Additional Information :||Copyright 2011 American Economic Asociation.|
|Depositing User :||Symplectic Elements|
|Date Deposited :||19 Apr 2012 11:43|
|Last Modified :||09 Jun 2014 13:35|
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