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What Accounts For The Decline In Crime? Author info | Abstract | Publisher info | Download info | Related research | Statistics Ayse Imrohoroglu
Antonio Merlo
Peter Rupert
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In this article we analyze recent trends in aggregate property crime rates in the United States. We propose a dynamic equilibrium model that guides our quantitative investigation of the major determinants of observed patterns of crime. Our main findings can be summarized as follows: First, the model is capable of reproducing the drop in crime between 1980 and 1996. Second, the most important factors that account for the observed decline in property crime are the higher apprehension probability, the stronger economy, and the aging of the population. Third, the effect of unemployment on crime is negligible. Fourth, the increased inequality prevented an even larger decline in crime. Overall, our analysis can account for the behavior of the time series of property crime rates over the past quarter century. Copyright 2004 by the Economics Department Of The University Of Pennsylvania And Osaka University Institute Of Social And Economic Research Association.
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Article provided by Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association in its journal International Economic Review .
Volume (Year): 45 (2004)
Issue (Month): 3 (08)
Pages: 707-729
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Handle: RePEc:ier:iecrev:v:45:y:2004:i:3:p:707-729Contact details of provider: Postal: 160 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297 Phone: (215) 898-8487 Fax: (215) 573-2057 Email: Web page: http://www.econ.upenn.edu/ier More information through EDIRC
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Paper Ayse Imrohoroglu & Antonio Merlo & Peter Rupert, 2000.
"What accounts for the decline in crime? ,"
Working Paper
0008, Federal Reserve Bank of Cleveland.
[Downloadable!] Imrohoroglu, A. & Merlo, A. & Rupert, P., 2000.
"What Accounts for the Decline in Crime? ,"
Working Papers
00-11, C.V. Starr Center for Applied Economics, New York University.
[Downloadable!] References listed on IDEAS 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.: Grogger, Jeffrey, 1995.
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Other versions: Juhn, Chinhui & Murphy, Kevin M & Pierce, Brooks, 1993.
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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.)
Marco Cozzi, 2010.
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"Volatile Interest Rates, Volatile Crime Rates: A new argument for interest-rate smoothing ,"
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2004-694, William Davidson Institute at the University of Michigan Stephen M. Ross Business School.
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Thomas A. Garrett & Lesli S. Ott, 2008.
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2008-026, Federal Reserve Bank of St. Louis.
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Calvó-Armengol, Antoni & Verdier, Thierry & Zenou, Yves, 2006.
"Strong and Weak Ties in Employment and Crime ,"
CEPR Discussion Papers
5448, C.E.P.R. Discussion Papers.
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Other versions: Kenneth Burdett & Ricardo Lagos & Randall Wright, 2003.
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Other versions: Nilsson, Anna, 2004.
"Income Inequality and Crime: The Case of Sweden ,"
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Patrick Bayer & Randi Pintoff & David E. Pozen, 2003.
"Building Criminal Capital Behind Bars: Social Learning in Juvenile Corrections ,"
Working Papers
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Other versions: Alan Krueger, 2002.
"Inequality, Too Much of a Good Thing ,"
Working Papers
845, Princeton University, Department of Economics, Industrial Relations Section..
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Other versions: Paolo Buonanno, 2003.
"Crime, Education and Peer Pressure ,"
Working Papers
64, University of Milano-Bicocca, Department of Economics, revised Nov 2003.
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Other versions: Kenneth Burdett & Ricardo Lagos & Randall Wright, 2002.
"Crime, Inequality, and Unemployment, Second Version ,"
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03-029, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 01 Sep 2003.
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Other versions: Paresh Kumar Narayan & Ingrid Nielsen & Russell Smyth, 2005.
"Is there a Natural Rate of Crime? ,"
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18/05, Monash University, Department of Economics.
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Paolo Buonanno, 2003.
"The Socioeconomic Determinants of Crime. A Review of the Literature ,"
Working Papers
63, University of Milano-Bicocca, Department of Economics, revised Nov 2003.
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Antonio Merlo, 2001.
"The Research Agenda: Dynamic Model of Crime and Punishment ,"
EconomicDynamics Newsletter ,
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Nilsson, Anna, 2004.
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