Actually, there was a study in the UK a couple of years ago that didn't get acted on, but which demonstrated that pedestrian crossing lights in British streets allowed so little time for crossing that able-bodied teenagers had to hurry -- middle-aged, elderly, unfit, or handicapped people really need about triple the time.
The solution is probably a combination of the sensor-controlled systems showing up in newer crossings in the UK (IR sensors block traffic by setting a red light until the crossing is clear) and cutting down on automobile use in densely populated areas like urban cores. Ahem. (Hint: why should your one ton rolling steel status symbol trump anybody else's right to use the highway?)