In the wake of the
Port Arthur massacre, in 1997 Australia implemented a gun buyback program that reduced the stock of firearms by around one-fifth, and nearly halving the number of gun-owning households.
Leigh and Neill (2010) find that the buyback led to a drop in the firearm suicide rates of almost 80%, or about 200 lives per annum (with no significant effect on non-firearm death rates). This translates into an
annual benefit of $500M, or $800 000 per weapon destroyed. However,
Baker & McPhedran (2006) have previosuly concluded that there was no impact on homicides.
posted by wilful
on Aug 29, 2010 -
131 comments
The draft Garnaut Climate Change Review was released last Friday. This is the most comprehensive look so far at the economic implications of climate change and emissions trading for a developed country (Australia). Essential (but weighty) reading for those interested in the economics of the issue, a useful localisation of
Stern (2006).
[more inside]
posted by wilful
on Jul 6, 2008 -
18 comments