The Economics of Prostitution
06/21/2010
Economists at the University of Chicago did a study concerning the economics of street-level prostitution. They found:
“A prostitute is more likely to have sex with a police officer than to get officially arrested by one.”
The data they 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.
Read the study HERE
