Valuing the Prevention of Elder Abuse

Applied Economics, Volume 47, 2015 - Issue 58

Posted: 21 Sep 2018

Date Written: August 2015

Abstract

We develop a framework for valuing cases of serious elder abuse. We use the preferences of the elderly who are abused, the victims, to help identify: what offenses are of concern, the seriousness of any particular offense and the value of preventing any particular offense. The variable revealing the valuations is the victim’s willingness to prosecute in New York City police complaint reports. Using our framework we found that it took a loss of $38 462 in order to be classed as a serious financial offense. With this monetary magnitude as a benchmark we were able to value nonfinancial serious offenses at up to $50 000 per offense.

Keywords: elder abuse, valuation of offenses, cost-benefit analysis

JEL Classification: J14, K42, D61

Suggested Citation

Brent, Robert J, Valuing the Prevention of Elder Abuse (August 2015). Applied Economics, Volume 47, 2015 - Issue 58, Available at SSRN: https://ssrn.com/abstract=3241018

Robert J Brent (Contact Author)

Fordham University ( email )

Department of Economics
441 E Fordham Road
Bronx, NY 10458
United States
718 817 4058 (Phone)

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