Criminal justice professor Matt DeLisi led a team that quantified economic losses stemming from hundreds of convicted felons' crimes—stuff like cost of incarceration, lost productivity, and pricey justice system proceedings. This chart summarizes of his findings:
WTP refers to "willingness-to-pay," an estimate that quantifies "money that citizens are willing to pay to prevent crimes." It helps calculate community-wide economic costs.
In an interview with Smart Planet, DeLisi reiterates that victim costs "are simply beyond money." His study is purely economic; a reasonable reaction, he says, might be to compare these costs with "social services that will try to push kids out of risky or at-risk environments." [Smart Planet, PDF of DeLisi's study, image via Tatiana Popova/Shutterstock]