Article
Crime and Credit: The Empirical Study of How Crime Affects Credit Ratings of Large US Cities
Social Science Quarterly
Document Type
Article
Publication Date
8-28-2022
Disciplines
Abstract
There is abundant research on crime contributors but not the cost of crime to society. In this article, we fill the gap in the literature by studying how crime affects government entities, specifically, their credit worthiness. Issues with crime may shift government expenditures away from education, welfare, and other crucial areas to law enforcement and may necessitate higher overall expenditures. Crime may also create a risk to investment, negatively affect economic development, contribute to higher poverty and unemployment rates, and to racial injustice. All these may damage credit ratings.
DOI
10.1111/ssqu.13200
Citation Information
Tatyana Guzman and Benjamin Y. Clark. "Crime and Credit: The Empirical Study of How Crime Affects Credit Ratings of Large US Cities" Social Science Quarterly (2022) Available at: http://works.bepress.com/tatyana_guzman/17/