Levitt, Steven D.; Venkatesh, Sudhir Alladi - In: The Quarterly Journal of Economics 115 (2000) 3, pp. 755-789
We use a unique data set detailing the financial activities of a drug-selling street gang to analyze gang economics. On average, earnings in the gang are somewhat above the legitimate labor market alternative. The enormous risks of drug selling, however, more than offset this small wage premium....