Crime and punishment in the "American Dream"
Abstract
We observe that countries where belief in the "American dream"(i.e., effort pays) prevails also set harsher punishment for criminals. We know that beliefs are also correlated with several features of the economic system (taxation, social insurance, etc). Our objective is to study the joint determination of these three features (beliefs, punitiveness and economic system) in a way that replicates the observed empirical patterns. We present a model where beliefs determine the types of contracts that firms offer and whether workers exert effort. Some workers become criminals, depending on their luck in the labor market, the expected punishment, and an individual shock that we call "meanness". It is this meanness level that a penal system based on "retribution" tries to detect when deciding the severity of the punishment. We find that when initial beliefs differ, two equilibria can emerge out of identical fundamentals. In the "American" (as opposed to the "French") equilibrium, belief in the "American dream" is commonplace, workers exert effort, there are high powered contracts (and income is unequally distributed) and punishments are harsh. Economists who believe that deterrence (rather than retribution) shapes punishment can interpret the meanness parameter as pessimism about future economic opportunities and verify that two similar equilibria emerge.Download Info
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Bibliographic Info
Article provided by Elsevier in its journal Journal of Public Economics.
Volume (Year): 92 (2008)
Issue (Month): 7 (July)
Pages: 1564-1584
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Web page: http://www.elsevier.com/locate/inca/505578
Related research
Keywords:Other versions of this item:
- Rafael Di Tella & Juan Dubra, 2006. "Crime and Punishment in the "American Dream"," NBER Working Papers 12641, National Bureau of Economic Research, Inc.
- Di Tella, Rafael & Dubra, Juan, 2006. "Crime and Punishment in the "American Dream"," MPRA Paper 500, University Library of Munich, Germany.
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
- K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- María Laura Alzúa & Catherine Rodriguez & Edgar Villa, 2010.
"The Quality of Life in Prisons: Do Educational Programs Reduce In-Prison Conflicts?,"
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