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The Impact of Electronic Financial Payments on Crime

8 Pages Posted: 29 Aug 2012  

Laura E. Armey

affiliation not provided to SSRN

Jonathan Lipow

University of California, Berkeley - The Richard & Rhoda Goldman School of Public Policy

Natalie J. Webb

Defense Resources Management Institute

Date Written: July 3, 2012

Abstract

It is widely believed that the growing use of electronic financial transactions should reduce physical vulnerability to crimes such as robbery and burglary. Using a sample of 49 countries over six years, we test this hypothesis using fixed effects (FE) and difference GMM estimators. Our results suggest that the global spread of electronic financial transaction technology plays an important role in reducing crime and enhancing physical security.

Keywords: electronic financial transactions, crime, cashless economy

JEL Classification: G21, K42

Suggested Citation

Armey, Laura E. and Lipow, Jonathan and Webb, Natalie J., The Impact of Electronic Financial Payments on Crime (July 3, 2012). Available at SSRN: https://ssrn.com/abstract=2137266 or http://dx.doi.org/10.2139/ssrn.2137266

Laura E. Armey

affiliation not provided to SSRN ( email )

Jonathan Lipow (Contact Author)

University of California, Berkeley - The Richard & Rhoda Goldman School of Public Policy

2607 Hearst Avenue
Berkeley, CA 94720-3310
United States

Natalie Webb

Defense Resources Management Institute ( email )

699 Dyer Rd M6
Naval Postgraduate School
Monterey, CA 93943-5001
United States
831-656-2013 (Phone)
831-656-2139 (Fax)

HOME PAGE: http://faculty.nps.edu/njwebb/

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