September 17, 2016
Interesting accounting of "The Economic Burden of Incarceration in the U.S." as approaching 6% of GDP
Via the always helpful Marshall Project, I just came across this interesting study produced this summer by folks at Washington University in St. Louis. The study is titled "The Economic Burden of Incarceration in the U.S." Here is the abstract:
This study estimates the annual economic burden of incarceration in the United States. While prior research has estimated the cost of crime, no study has calculated the cost of incarceration. The $80 billion spent annually on corrections is frequently cited as the cost of incarceration, but this figure considerably underestimates the true cost of incarceration by ignoring important social costs. These include costs to incarcerated persons, families, children, and communities.
This study draws on a burgeoning area of scholarship to assign monetary values to twenty-two different costs, which yield an aggregate burden of one trillion dollars. This approaches 6% of gross domestic product and dwarfs the amount spent on corrections. For every dollar in corrections costs, incarceration generates an additional ten dollars in social costs. More than half of the costs are borne by families, children, and community members who have committed no crime. Even if one were to exclude the cost of jail, the aggregate burden of incarceration would still exceed $500 million annually [I think the authors mean $500 billion here based on the report that follows].
September 17, 2016 at 02:56 PM | Permalink