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A Dynamic Model of Differential Human Capital and Criminal Activity

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Author Info
H. Naci Mocan
Stephen C. Billups
Jody Overland

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Abstract

This paper presents a dynamic model of criminal activity. Individuals are endowed with legal and criminal human capital. Potential incomes in legal and criminal sectors depend on the level of the relevant human capital, the rate of return and random shocks. Human capital can be enhanced by participating in both sectors. Legal human capital can also be enhanced through investment. Human capital is subject to depreciation. Individuals maximize expected discounted lifetime utility, which depends on consumption. The model allows analyses of the effects of recessions, imprisonment/rehabilitation scenarios, sanctions and returns to human capital. New insights, such as hysteresis in criminal behaviour, are obtained. Copyright (c) The London School of Economics and Political Science 2005.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0335.2005.00437.x
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Publisher Info
Article provided by London School of Economics and Political Science in its journal Economica.

Volume (Year): 72 (2005)
Issue (Month): 288 (November)
Pages: 655-681
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Handle: RePEc:bla:econom:v:72:y:2005:i:288:p:655-681

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  15. H. Naci Mocan & Daniel I. Rees, 1999. "Economic Conditions, Deterrence and Juvenile Crime: Evidence from Micro Data," NBER Working Papers 7405, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Rafael Di Tella & Sebastian Galiani & Ernesto Schargrodsky, 2006. "Crime Distribution & Victim Behavior During a Crime Wave," William Davidson Institute Working Papers Series wp849, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
  2. Naci Mocan & Erdal Tekin, 2006. "Ugly Criminals," NBER Working Papers 12019, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Julie L. Hotchkiss, 2004. "Employment growth and labor force participation: how many jobs are enough?," Working Paper 2004-25, Federal Reserve Bank of Atlanta. [Downloadable!]
    Other versions:
  4. Lance Lochner, 2004. "Education, Work, and Crime: A Human Capital Approach," NBER Working Papers 10478, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  5. H. Naci Mocan & Erdal Tekin, 2002. "Catholic Schools and Bad Behavior: A Propensity Score Matching Analysis," NBER Working Papers 9172, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  6. Jr-Tsung Huang, 2007. "Labor force participation and juvenile delinquency in Taiwan: a time series analysis," Journal of Family and Economic Issues, Springer, vol. 28(1), pages 137-150, March. [Downloadable!] (restricted)
  7. Mocan, H. Naci & Scafidi, Benjamin & Tekin, Erdal, 2002. "Catholic Schools and Bad Behavior," IZA Discussion Papers 599, Institute for the Study of Labor (IZA). [Downloadable!]
  8. repec:bep:dewple:2004-1-1086 is not listed on IDEAS
  9. H. Naci Mocan & Erdal Tekin, 2003. "Guns, Drugs and Juvenile Crime: Evidence from a Panel of Siblings and Twins," NBER Working Papers 9824, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  10. Michael S. Visser & William T. Harbaugh & Naci Mocan, 2006. "An Experimental Test of Criminal Behavior Among Juveniles and Young Adults," University of Oregon Economics Department Working Papers 2006-11, University of Oregon Economics Department. [Downloadable!]
    Other versions:
  11. Rafael Di Tella & Sebastian Galiani & Ernesto Schargrodsky, 2006. "Crime Distribution and Victim Behavior during a Crime Wave," Working Papers 0044, CEDLAS, Universidad Nacional de La Plata. [Downloadable!]
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