the unemployment rate and the real minimum wage; sticks are measured by felony arrests, police force and New York City …. While both economic and deterrence variables are important in explaining the decline in crime, the contribution of …

the unemployment rate and the real minimum wage; sticks are measured by felony arrests, police force and New York City …. While both economic and deterrence variables are important in explaining the decline in crime, the contribution of …

probability, the stronger economy, and the aging of the population. Third, the effect of unemployment on crime is negligible …In this article we analyze recent trends in aggregate property crime rates in the United States. We propose a dynamic … equilibrium model that guides our quantitative investigation of the major determinants of observed patterns of crime. Our main …