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Title: Do inequality, unemployment, and deterrence affect crime over the long run?
Authors: Costantini, M
Meco, I
Paradiso, A
Keywords: US crime;Deterrence;Inequality;Unemployment;Panel cointegration;Cross-section dependence
Issue Date: 2017
Publisher: Taylor & Francis
Citation: Regional Studies, (2017)
Abstract: This paper aims to investigate the long run relationship between crime, inequality, unemployment and deterrence using US state level data from 1978 to 2013. The novelty is to use nonstationary panels with a factor structure. The results show that: i) a crime theoretical model fits the long run relationship well; ii) income inequality and unemployment have a positive impact on crime, whereas that of deterrence is negative; iii) the effect of income inequality on crime is larger when inequality is measured on a wider population proportion; iv) property crime is generally highly sensitive to the deterrence effect of police.
ISSN: 0034-3404
Appears in Collections:Dept of Economics and Finance Embargoed Research Papers

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