This paper estimates the effect of a rehabilitative punishment on the post-release outcomes of juvenile criminals using a unique Finnish data set on sentences and punishments merged with the longitudinal population census for 1990-2007. The rehabilitative program was aimed at improving the...

Gemäß der klassischen ökonomischen Theorie der Kriminalität sollte ein Anstieg der erwarteten Strafe (also des Produktes aus Strafwahrscheinlichkeit und Strafmaß) eine Reduktion der Kriminalität bewirken. In der empirischen Analyse gestaltet sich ein Test dieser überschaubar anmutenden...

Does the death penalty save lives? A surge of recent interest in this question has yielded a series of papers purporting to show robust and precise estimates of a substantial deterrent effect of capital punishment. We assess the various approaches that have been used in this literature, testing...

This paper presents a basic model by which a representative agent chooses how to allocate his savings optimally between money of legal origin and dirty money. It analyses the welfare of such an economy as a result of money laundering, as well as the conditions to reduce the incentives to...

This paper offers a new argument for why a more aggressive enforcement of minor offenses ('zero-tolerance') may yield a double dividend in that it reduces both minor offenses and more severe crime. We develop a model of criminal subcultures in which people gain social status among their peers...

This paper contributes to the literature on specific deterrence by addressing the issue of selecting adolescents into adult and juvenile law systems. In Germany, different from the U.S. and most other countries, turning a critical cutoff age does not cause a sharp discontinuity from juvenile to...

Making the length of a prison sentence conditional on an individual's offense history is shown to be a powerful way of preventing crime. Under a law adopted in the Netherlands in 2001, prolific offenders could be sentenced to a prison term that was some ten times longer than usual. We exploit...

When should laws be enforced by private actors and when should society rely on law enforcement by public authorities? This question has been analyzed in great detail in law & economics scholarship. This article surveys the literature and outlines a framework of criteria for deciding whether...

The UK Anti-Bribery Act makes both bribery of a public official and private-to-private commercial bribery illegal; it imposes a (strict liability) offense for commercial organizations which fail to prevent bribery by persons associated with them. The Act has extraterritorial effect and applies...