Burdett, Kenneth; Lagos, Ricardo; Wright, Randall - Department of Economics, University of Pennsylvania - 2002
There is much discussion of the relationships between crime, inequality, and unemployment. We construct a model where … interesting implications. For example, it can lead to wage inequality among homogeneous workers. Also, it can generate multiple …, inequality, and unemployment. We discuss the effects of anti-crime policies like changing jail sentences, as well as more …