By Stephen B. Billings

Using linked individual data on concealed handgun permits (CHP), reported crimes and arrests, I examine the dynamics of gun-ownership and criminal victimization. I initially show that being male, Republican, older, born in-state and a recent crime victim increases the probability that an adult obtains a CHP. Getting a CHP increases property crime victimization by 46% with the largest impact on having a firearm stolen. Individual CHP holders see no change in violent crime victimization thus dispelling any benefits in terms of protection. Obtaining a CHP has a small (2%) effect on total crime and a larger effect on violent crime using a gun (8%) within the CHP holders neighborhood. Results suggest stolen guns spillover to neighborhood crime which is an important component of the larger social costs of gun ownership.