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Model uncertainty and the deterrent effect of capital punishment

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Author Info
Ethan Cohen-Cole
Steven Durlauf
Jeffrey Fagan
Daniel Nagin

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Abstract

The reintroduction of capital punishment after the end of the Supreme Court moratorium has permitted researchers to employ state level heterogeneity in the use of capital punishment to study deterrent effects. However, no scholarly consensus exists as to their magnitude. A key reason this has occurred is that the use of alternative models across studies produces differing estimates of the deterrent effect. Because differences across models are not well motivated by theory, the deterrence literature is plagued by model uncertainty. We argue that the analysis of deterrent effects should explicitly recognize the presence of model uncertainty in drawing inferences. We describe methods for addressing model uncertainty and apply them to understand the disparate findings between two major studies in the deterrence literature, finding that evidence of deterrent effects appears, while not nonexistent, is weak.

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Paper provided by Federal Reserve Bank of Boston in its series Quantitative Analysis Unit Working Paper with number QAU07-3.

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Date of creation: 2007
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Handle: RePEc:fip:fedbqu:qau07-3

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Related research
Keywords: Capital punishment;

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  1. repec:rus:hseeco:70719 is not listed on IDEAS
  2. Lawrence Katz & Steven D. Levitt & Ellen Shustorovich, 2003. "Prison Conditions, Capital Punishment, and Deterrence," American Law and Economics Review, Oxford University Press, vol. 5(2), pages 318-343, August.
  3. repec:bep:evoice:3:2007:5:4 is not listed on IDEAS
  4. Carmen Fernandez & Eduardo Ley & Mark Steel, 1999. "Model uncertainty in cross-country growth regressions," Econometrics 9903003, EconWPA, revised 06 Oct 2001. [Downloadable!]
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  5. John J. Donohue III & Justin Wolfers, 2006. "Uses and Abuses of Empirical Evidence in the Death Penalty Debate," IZA Discussion Papers 1949, Institute for the Study of Labor (IZA). [Downloadable!]
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  6. McAleer, Michael & Veall, Michael R, 1989. "How Fragile Are Fragile Inferences? A Re-evaluation of the Deterrent Effect of Capital Punishment," The Review of Economics and Statistics, MIT Press, vol. 71(1), pages 99-106, February. [Downloadable!] (restricted)
  7. Mocan, H Naci & Gittings, R Kaj, 2003. "Getting Off Death Row: Commuted Sentences and the Deterrent Effect of Capital Punishment," Journal of Law & Economics, University of Chicago Press, vol. 46(2), pages 453-78, October.
  8. Leamer, Edward E, 1983. "Let's Take the Con Out of Econometrics," American Economic Review, American Economic Association, vol. 73(1), pages 31-43, March. [Downloadable!] (restricted)
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  9. repec:bep:evoice:3:2007:5:3 is not listed on IDEAS
  10. Hashem Dezhbakhsh & Joanna M. Shepherd, 2003. "The Deterrent Effect of Capital Punishment: Evidence from a "Judicial Experiment"," Emory Economics 0314, Department of Economics, Emory University (Atlanta). [Downloadable!]
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  11. Ehrlich, Isaac, 1977. "Capital Punishment and Deterrence: Some Further Thoughts and Additional Evidence," Journal of Political Economy, University of Chicago Press, vol. 85(4), pages 741-88, August. [Downloadable!] (restricted)
  12. Xavier Sala-I-Martin & Gernot Doppelhofer & Ronald I. Miller, 2004. "Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach," American Economic Review, American Economic Association, vol. 94(4), pages 813-835, September. [Downloadable!]
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  13. Ehrlich, Isaac & Liu, Zhiqiang, 1999. "Sensitivity Analyses of the Deterrence Hypothesis: Let's Keep the Econ in Econometrics," Journal of Law & Economics, University of Chicago Press, vol. 42(1), pages 455-87, April.
  14. McManus, Walter S, 1985. "Estimates of the Deterrent Effect of Capital Punishment: The Importance of the Researcher's Prior Beliefs," Journal of Political Economy, University of Chicago Press, vol. 93(2), pages 417-25, April. [Downloadable!] (restricted)
  15. Bruce E. Hansen, 2007. "Least Squares Model Averaging," Econometrica, Econometric Society, vol. 75(4), pages 1175-1189, 07. [Downloadable!] (restricted)
  16. Steven N. Durlauf, 2006. "Assessing Racial Profiling," Economic Journal, Royal Economic Society, vol. 116(515), pages F402-F426, November. [Downloadable!] (restricted)
  17. Passell, Peter & Taylor, John B, 1977. "The Deterrent Effect of Capital Punishment: Another View," American Economic Review, American Economic Association, vol. 67(3), pages 445-51, June. [Downloadable!] (restricted)
  18. Ehrlich, Isaac, 1975. "The Deterrent Effect of Capital Punishment: A Question of Life and Death," American Economic Review, American Economic Association, vol. 65(3), pages 397-417, June. [Downloadable!] (restricted)
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  19. Hashem Dezhbakhsh & Paul H. Rubin & Joanna M. Shepherd, 2003. "Does Capital Punishment Have a Deterrent Effect? New Evidence from Postmoratorium Panel Data," American Law and Economics Review, Oxford University Press, vol. 5(2), pages 344-376, August.
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