Macro-Economic Instability and Crime
AbstractThis paper adds to the literature on the economic determinants of crime by examining the impact of macro-economic instability. Instability increases the frustration level of individuals and incites them to smooth their income by using illegal earnings. Results from a panel of developed and developing countries for the period 1980-97 suggests that macro-economic instability had a significant impact on crime, both homicide and robbery. However, homicide and robbery do not react to instability in the same way.
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Date of creation: 09 Feb 2011
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macro-economic instability; crime; institutions;
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- Francis Kramarz & Denis Fougère & Julien Pouget, 2005. "L'analyse économétrique de la délinquance. Une synthèse de résultats récents," Revue Française d'Économie, Programme National Persée, vol. 19(3), pages 3-55.
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