The Subjective Price of Crime: Victimization, Perception of Insecurity, and Well-Being in Colombia

Authors

  • Nicolás Vidal Investigador, Centro de Estudios del Bienestar – POLIS, Universidad Icesi, Cali, Colombia.
  • Blanca Zuluaga Profesora titular, Departamento de Economía, Universidad Icesi, Cali, Colombia.
  • Lina Martínez Profesora asociada, Departamento de Gestión Organizacional, Universidad Icesi, Cali, Colombia.

DOI:

https://doi.org/10.18046/j.estger.2025.177.7626

Keywords:

subjective well-being, crime, perception of safety, Colombia

Abstract

Subjective well-being is emerging as a crucial component in contemporary public policy. This study examines the relationship between subjective well-being and crime, with an emphasis on the impact of perceptions of safety and victimization on life satisfaction in Cali, a Colombian city known for its high levels of violence. Using data from the CaliBRANDO survey, which is statistically representative of the city, a simultaneous equation model was employed to analyze the causal relationship between these variables. The findings indicate that a greater perception of insecurity and higher victimization are negatively associated with subjective well-being. These results offer relevant evidence to guide governments in the implementation and effective communication of urban safety policies.

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Published

2026-03-11

Issue

Section

Research articles

How to Cite

The Subjective Price of Crime: Victimization, Perception of Insecurity, and Well-Being in Colombia. (2026). Estudios Gerenciales, 41(177), 420-432. https://doi.org/10.18046/j.estger.2025.177.7626