Sunday, April 13, 2014

Freebies

Instapundit links to an abstract by two economists. It is about prostitution in Chicago. Among the findings:
A prostitute is more likely to have sex with a police officer than to get officially arrested by one. We estimate that there are 4,400 street prostitutes active in Chicago in an average week.

The transaction-level data we collected suggests that street prostitution yields an
average wage of $27 per hour. Given the relatively limited hours that active prostitutes
work, this generates less than $20,000 annually for a women working year round in
prostitution. While the wage of a prostitute is four times greater than the non-prostitution earnings these women report (approximately $7 per hour), there are tremendous risks associated with life as a prostitute. According to our estimates, a woman working as a prostitute would expect an annual average of a dozen incidents of violence and 300 instances of unprotected sex.

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