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There is much discussion of the relationships between crime, inequality, and unemployment. We construct a model where … all three are endogenous. We find that introducing crime into otherwise standard models of labor markets has several … equilibria in natural but previously unexplored ways; hence two identical neighborhoods can end up with different levels of crime …
Persistent link: https://www.econbiz.de/10005126677
We extend simple search-theoretic models of crime, unemployment and inequality to incorporate on-the-job search. This … of crime, on-the-job search models are more relevant empirically as well as more interesting in terms of the types of … equilibria they generate. We characterize crime decisions, unemployment, and the equilibrium wage distribution. We use …
Persistent link: https://www.econbiz.de/10005126719