Free to Punish? The American Dream and the harsh Treatment of Criminals
AbstractWe describe the evolution of selective aspects of punishment in the US over the period 1980-2004. We note that imprisonment increased around 1980, a period that coincides with the “Reagan revolution” in economic matters. We build an economic model where beliefs about economic opportunities and beliefs about punishment are correlated. We present three pieces of evidence (across countries, within the US and an experimental exercise) that are consistent with the model.
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Bibliographic InfoPaper provided by Facultad de Ciencias Empresariales y Economia. Universidad de Montevideo. in its series Documentos de Trabajo/Working Papers with number 1105.
Date of creation: 2011
Date of revision:
Beliefs; Multiple equilibria; Illegal behavior; Sentences;
Other versions of this item:
- Rafael Di Tella & Juan Dubra, 2011. "Free to Punish? The American Dream and the Harsh Treatment of Criminals," NBER Working Papers 17309, National Bureau of Economic Research, Inc.
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
- 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
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.:
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IZA Discussion Papers
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6017, University Library of Munich, Germany, revised Nov 2007.
- Benoît, Jean-Pierre & Dubra, Juan, 2008. "Overconfidence?," MPRA Paper 765, University Library of Munich, Germany.
- Benoît, Jean-Pierre & Dubra, Juan, 2008. "Overconfidence?," MPRA Paper 8879, University Library of Munich, Germany.
- Jean-Pierre Benoit & Juan Dubra, 2008. "Overconfidence," NajEcon Working Paper Reviews 122247000000002148, www.najecon.org.
- Jean Pierre Benoit & Juan Dubra, 2008. "Overconfidence?," Levine's Working Paper Archive 122247000000002142, David K. Levine.
- Benoît, Jean-Pierre & Dubra, Juan, 2007. "Overconfidence?," MPRA Paper 5505, University Library of Munich, Germany.
- Di Tella, Rafael & Dubra, Juan, 2008.
"Crime and punishment in the "American Dream","
Journal of Public Economics,
Elsevier, vol. 92(7), pages 1564-1584, July.
- Eric Rasmusen, 1995.
"``Stigma and Self-Fulfilling Expectations of Criminality'',"
Law and Economics
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- Rasmusen, E., 1992. "Stigma and Self-Fulfilling Expectations of Criminality," Papers 92-019, Indiana - Center for Econometric Model Research.
- Hall, Peter A. & Soskice, David (ed.), 2001. "Varieties of Capitalism: The Institutional Foundations of Comparative Advantage," OUP Catalogue, Oxford University Press, number 9780199247752, September.
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