several reasons. On the one hand, there are important instances in which punishment is unable to reduce crime or may even …The economics of crime concentrates on policies in the form of punishments. To adopt such a policy is unwise for …

equilibrium model is developed, exploiting these facts to quantitatively assess the race crime gap, that is the difference in … crime explained by the difference in observables. The model is calibrated relying on US data and solved numerically. The … model captures well relevant dimensions of the crime phenomenon, such as the inmates composition by race, employment status …

This paper argues that the ?Economics of Crime? concentrates too much on punishment as a policy to fight crime, which … is unwise for several reasons. There are important instances in which punishment simply cannot reduce crime. Several … feasible alternatives to punishment exist, such as offering positive incentives or handing out awards for law abiding behavior …

aggregation. Our empirical results with respect to the causes of crime clearly reveal the crime reducing potential of family … cohesion and the link between crime and the labour market. Furthermore, we find that higher wealth is associated with higher … rates of property crime and of drug-related offences. Drug offences themselves turn out to be robust factors of property …

aggregation. Our empirical results with respect to the causes of crime clearly reveal the crime reducing potential of family … cohesion and the link between crime and the labour market. Furthermore, we find that higher wealth is associated with higher … rates of property crime and of drug-related offences. Drug offences themselves turn out to be robust factors of property …

Earlier studies on income inequality and crime have typically used total income or total earnings. However, it is quite … likely that it is changes in permanent rather than in transitory income that affects crime rates. The purpose of this paper … income and, second, estimating crime equations with the two separate income components as explanatory variables. The results …

Empirical evidence reveals that unemployment tends to increase property crime but that it has no effect on violent … crime. To explain these facts, we examine a model of criminal gangs and suggest that there is a substitution effect between … property crime and violent crime at work. In the model, non-monetary valuation of gang membership is private knowledge. Thus …