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Expected Returns to Crime and Crime Location

Author

Listed:
  • Braakmann, Nils

    (Newcastle University)

  • Chevalier, Arnaud

    (Royal Holloway, University of London)

  • Wilson, Tanya

    (University of Glasgow)

Abstract

We provide first evidence that temporal variations in the expected returns to crime affect the location of property crime. Our identification strategy relies on the widely-held perception in the UK that households of South Asian descent store gold jewellery at home. Price movements on the international market for gold exogenously affect the expected gains from burgling these households, which become relatively more lucrative targets as the gold price increases. Using a neighbourhood-level panel on reported crime and difference-in-differences, we find that burglaries in South Asian neighbourhoods are more sensitive to variations in the gold price than other neighbourhoods in the same municipality, confirming that burglars react rationally to variations in the expected returns to their activities. We conduct a battery of tests on neighbourhood and individual data to eliminate alternative explanations.

Suggested Citation

  • Braakmann, Nils & Chevalier, Arnaud & Wilson, Tanya, 2022. "Expected Returns to Crime and Crime Location," IZA Discussion Papers 15520, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp15520
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    Cited by:

    1. is not listed on IDEAS
    2. Foong, Gerald & Machin, Stephen & Sandi, Matteo, 2025. "Crime and Prices: Evidence from Thefts of Expensive Precious Metal," IZA Discussion Papers 18353, Institute of Labor Economics (IZA).
    3. Foong, Gerald & Machin, Stephen & Sandi, Matteo, 2025. "Crime and Prices: Evidence from Thefts of Expensive Precious Metal," IZA Discussion Papers 18353, Institute of Labor Economics (IZA).

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    JEL classification:

    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • J19 - Labor and Demographic Economics - - Demographic Economics - - - Other

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