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A large body of literature suggests that the first years of life are critical for long-term economic, health and social outcomes. However, the effect of public programs on early life skills formation is largely unknown due to data limitations. In this paper we use novel data from a large...
Persistent link: https://www.econbiz.de/10012914696
Using a dataset covering one quarter of the U.S. general-purpose credit card market, we document that 29% of accounts regularly make payments at or near the minimum payment. We exploit changes in issuers' minimum payment formulas to distinguish between liquidity constraints and anchoring as...
Persistent link: https://www.econbiz.de/10012981098
We propose a test of bias based upon patterns of judicial errors. We model the trial court as minimizing a weighted sum of type I and II errors. We define racial bias a situation where the weight depends on defendant/victim race. If the court is unbiased, the error rate should be independent of...
Persistent link: https://www.econbiz.de/10013125925
likelihood of engaging in violent crime or the selling of illicit drugs. However, our empirical estimates show that adolescents … who suffer from depression face an increased probability of engaging in property crime. Our estimates imply that the lower …-bound economic cost of property crime associated with adolescent depression is about 219 million dollars annually …
Persistent link: https://www.econbiz.de/10013096015
the legal possibility of dropping out. The "crime" and "dropout" differences are strong but somewhat muted by the fact …
Persistent link: https://www.econbiz.de/10013087048
The association between legalized abortion and crime remains a contentious finding with major implications for social … convincing test of abortion and crime should be based on an exogenous change in abortion that had a demonstrable effect on … the effects of abortion on crime over 15 to 20 years of the life of a cohort to lessen the impact of the crack epidemic. I …
Persistent link: https://www.econbiz.de/10012778240
The inverse relationship between abortion and crime has spurred new research and much controversy. If the relationship … is causal, then polices that increased abortion have generated enormous external benefits from reduced crime. In previous … crime, crime should have fallen sharply as these post-legalization cohorts reached their late teens and early 20s, the peak …
Persistent link: https://www.econbiz.de/10012783852