Vol. 7, No. 1, 2001 Page 7


"As criminals acquire an estimated $603 billion dollars worth of assets from their victims, they generate an additional $1,102 billion worth of lost productivity, crime-related expenses, and diminished quality of life. The net losses represent an annual per capita burden of $4,118. Including transfer, the aggregate burden of crime is $1,705 billion. In the United States, this is of the same order of magnitude as life insurance purchases ($1,680 billion), the outstanding mortgage debt to commercial banks and savings institutions ($1,853 billion), and annual expenditures on health ($1,038 billion)."
David A. Anderson on "The
Aggregate Burden of Crime," in the
Journal of Law and Economics,
October 1999.

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