Little is known about the costs of crime to victims and their families. In this paper, we use unique and detailed register data on victimisations and labour market outcomes from the Netherlands to overcome data restrictions previously met in the literature and estimate event-study designs to...

Using US data of media's coverage of politics and individual survey data, the authors document that in the states with a greater coverage of politics, citizens especially exposed to newspapers have more polarized preferences, partly coming from better political knowledge, and resulting in a...

Our approach aims to emphasize the role that the institutional legacy of the past has in generating institutional blockages in transition countries (including Romania), while advancing several courses of action in order to overcome the difficulties found in the socio-economic frameworks. We...

According to the Romanian Constitution (Art. 115, paragraph 1), the Government, as a body of the Executive Power, is endowed with attributions belonging to the Legislative function, specific to the Parliament. Thus, we are dealing with what the juridical science calls “legislative...

The authors use US data on media coverage of politics and individual survey data to document that citizens exposed to more politicized newspapers have more extreme political preferences. This polarization effect of media is mainly driven by individuals who harbor liberal opinions reading more...

A decision maker (DM) must address a series of problems over time. Each period, a random case arises and the DM must make a yes-or-no decision, which we call a ruling. She is uncertain about the correct ruling until she conducts a costly investigation. A ruling establishes a precedent, which may...

A non-trivial portion of traffic fatalities involve alcohol or illicit drugs. But does substance use—which is linked to depression, suicide, and criminal activity—also reduce academic performance? Recent studies suggest that the consumption of alcohol has a negative effect on the grades of...

Millions of refugees made their way to Europe between 2014 and 2015, with over one million arriving in Germany alone. Yet, little is known about the impact of this inflow on labor markets, crime, and voting behavior. This article uses administrative data on refugee allocation and provides an...

We offer an analytical framework for studying "pre-emptive" debt exchanges. Countries can tailor a sovereign bankruptcy framework by choosing provisions (or "haircuts") ex ante, but must contend with the market discipline of holdout litigation ex post. Secondary markets play a role in shaping...

According to Swedish penal code, there is a "rebate" on all prison sentences before the 21st birthday. We exploit this age discontinuity to investigate how individuals respond to harsher punishments. We use a large Swedish dataset, including dates for all crimes which led to convictions for...