Abstract

http://ssrn.com/abstract=782994
 
 

References (37)



 


 



The Cost of Firearm Deaths in the United States: Reduced Life Expectancies and Increased Insurance Costs


Jean Lemaire


University of Pennsylvania - Statistics Department


Journal of Risk and Insurance, Vol. 72, No. 3, pp. 359-374, September 2005

Abstract:     
The United States remains far behind most other affluent countries in terms of life expectancy. One of the possible causes of this life expectancy gap is the widespread availability of firearms and the resulting high number of U.S. firearm fatalities: 10,801 homicides in 2000. The European Union experienced 1,260 homicides, Japan only 22. Using multiple decrement techniques, I show that firearm violence shortens the life of an average American by 104 days (151 days for white males, 362 days for black males). Among all fatal injuries, only motor vehicle accidents have a stronger effect. I estimate that the elimination of all firearm deaths in the United States would increase the male life expectancy more than the total eradication of all colon and prostate cancers. My results suggest that the insurance premium increases paid by Americans as a result of firearm violence are probably of the same order of magnitude as the total medical costs due to gunshots or the increased cost of administering the criminal justice system due to gun crime.

Number of Pages in PDF File: 16

Accepted Paper Series


Date posted: August 31, 2005  

Suggested Citation

Lemaire, Jean, The Cost of Firearm Deaths in the United States: Reduced Life Expectancies and Increased Insurance Costs . Journal of Risk and Insurance, Vol. 72, No. 3, pp. 359-374, September 2005. Available at SSRN: http://ssrn.com/abstract=782994

Contact Information

Jean Lemaire (Contact Author)
University of Pennsylvania - Statistics Department ( email )
Wharton School
Philadelphia, PA 19104
United States

Feedback to SSRN


Paper statistics
Abstract Views: 1,825
Downloads: 19
References:  37

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.329 seconds