Safety Nearby and Financial Welfare: Common Barriers to Safer Neighborhood and Financial Welfare

Abstract

Crimes are prevalent in human societies. This article examines common barriers in accessing safer neighborhood and financial welfare. The two are likely to share some commonality since socioeconomic factors may underlie. Using individual survey data of the World Values Survey, my results show that socio-economic resources (e.g., income, social class, poverty, and savings) indeed touch not only financial satisfaction, but also neighborhood safety. The results of this paper offer important policy implications. That is, there may be some common efforts which can improve the joint inequalities in accessing safe living environment and sense of financial welfare.