In this paper, we explore the impact of a reentry and aftercare service program on the likelihood of returning to prison by ex-offenders. Using administrative data within a difference-in-differences design, we find that this social program is associated with a reduction in recidivism rates....

There is divergence of opinion among academics and practitioners on the appropriate maturity and source of the risk-free rate when applying the Capital Asset Pricing Model (CAPM). For projects with betas near one, this divergence should be immaterial. What is not clear is how far project betas...