Yamada, Tadashi; Yamada, Tetsuji; Kang, Johan M. - 2021
The aim of this paper is to examine the impact of labor market conditions, represented by male civilian unemployment … the unemployment rate and the crime rate is explicitly derived. The solution of the proposed model shows the concurrent … counter-cyclical movements of the unemployment and crime rates, which is found to be consistent with the U.S. time series data …