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This paper aims to investigate the long-run relationship between crime, inequality, unemployment and deterrence using state-level data for the US over the period 1978-2013. The novelty of the paper is to use non-stationary panels with factor structures. The results show that: i) a simple crime...
Persistent link: https://www.econbiz.de/10012993458
Using crime data for the 48 continental and conterminous US states and the distribution dynamics approach, this paper detects two distinct phases in the evolution of the property crime distribution: a period of strong convergence (1971-1980) is followed by a tendency towards divergence and...
Persistent link: https://www.econbiz.de/10012993451