Panic on the Streets of London: Police, Crime, and the July 2005 Terror Attacks
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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). 2157 - 2181. ISSN 0002-8282
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Official URL: http://dx.doi.org/10.1257/aer.101.5.2157
Abstract
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.
| Item Type: | Article |
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| Additional Information: | Copyright 2011 American Economic Asociation. |
| Divisions: | Faculty of Business, Economics and Law > Economics |
| ID Code: | 430858 |
| Deposited By: | Symplectic Elements |
| Deposited On: | 19 Apr 2012 12:43 |
| Last Modified: | 16 Feb 2013 16:58 |
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