IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Life is now! Time Preferences and Crime: Aggregate Evidence from the Italian Regions

  • Beraldo, Sergio
  • Caruso, Raul
  • Turati, Gilberto

This paper tests the relationship between time preferences and crime rates as posited by Davis (1988), whose theoretical analysis suggests that individuals’ attitude towards the future significantly affects their propensity to commit crime. Our empirical analysis is based on a panel of Italian regions from 2003 to 2007. Various proxies for time preferences are considered: the consumer credit share out of the total amount of loans to households, the share of obese individuals out of the total population, the rate of marriages out of the total population, and the teenage pregnancy rate. Controlling for a great number of factors suggested by the scientific literature on the determinants of crime, adding to the model also time and regional fixed effects, and clustering standard errors to account for both serial and panel correlations, our results basically provide support to the ‘Davis’ hypothesis’ for property crimes, while for violent crimes there seems to be less evidence that these are higher where people discount the future more heavily. Moreover, there is no evidence of a reverse effect from crime to time preferences at this aggregate level.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://mpra.ub.uni-muenchen.de/49865/1/MPRA_paper_49865.pdf
File Function: original version
Download Restriction: no

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 49865.

as
in new window

Length:
Date of creation: Jul 2013
Date of revision:
Handle: RePEc:pra:mprapa:49865
Contact details of provider: Postal: Schackstr. 4, D-80539 Munich, Germany
Phone: +49-(0)89-2180-2219
Fax: +49-(0)89-2180-3900
Web page: http://mpra.ub.uni-muenchen.de

More information through EDIRC

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.:

as in new window
  1. Zenou, Yves, 2003. "The Spatial Aspects of Crime," CEPR Discussion Papers 4028, C.E.P.R. Discussion Papers.
  2. Entorf, Horst & Spengler, Hannes, 1998. "Socio-economic and demographic factors of crime in Germany: evidence from panel data of the German states," ZEW Discussion Papers 98-16, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  3. Dohmen, Thomas J. & Falk, Armin & Huffman, David & Sunde, Uwe, 2010. "Are risk aversion and impatience related to cognitive ability?," Munich Reprints in Economics 20063, University of Munich, Department of Economics.
  4. Borghans Lex & Lee Duckworth Angela & Heckman James J. & Weel Bas ter, 2008. "The Economics and Psychology of Personality Traits," ROA Research Memorandum 001, Maastricht University, Research Centre for Education and the Labour Market (ROA).
  5. Akerlof, George A, 1998. "Men without Children," Economic Journal, Royal Economic Society, vol. 108(447), pages 287-309, March.
  6. Cameron, Samuel, 1988. "The Economics of Crime Deterrence: A Survey of Theory and Evidence," Kyklos, Wiley Blackwell, vol. 41(2), pages 301-23.
  7. Lance Lochner & Enrico Moretti, 2004. "The Effect of Education on Crime: Evidence from Prison Inmates, Arrests, and Self-Reports," American Economic Review, American Economic Association, vol. 94(1), pages 155-189, March.
  8. Edward L. Glaeser & Bruce Sacerdote & Jose A. Scheinkman, 1995. "Crime and Social Interactions," NBER Working Papers 5026, National Bureau of Economic Research, Inc.
  9. Cotte Poveda Alexander, 2011. "Socio-Economic Development and Violence: An Empirical Application for Seven Metropolitan Areas in Colombia," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 17(1), pages 1-23, September.
  10. Betsey Stevenson & Justin Wolfers, 2007. "Marriage and Divorce: Changes and their Driving Forces," NBER Working Papers 12944, National Bureau of Economic Research, Inc.
  11. Ehrlich, Isaac, 1973. "Participation in Illegitimate Activities: A Theoretical and Empirical Investigation," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 521-65, May-June.
  12. Bianchi, Milo & Buonanno, Paolo & Pinotti, Paolo, 2012. "Do Immigrants Cause Crime?," Economics Papers from University Paris Dauphine 123456789/5382, Paris Dauphine University.
  13. James Andreoni & Charles Sprenger, 2010. "Risk Preferences Are Not Time Preferences," Levine's Working Paper Archive 814577000000000452, David K. Levine.
  14. Carmichael, Fiona & Ward, Robert, 2001. "Male unemployment and crime in England and Wales," Economics Letters, Elsevier, vol. 73(1), pages 111-115, October.
  15. Caruso, Raul & Schneider, Friedrich, 2011. "The socio-economic determinants of terrorism and political violence in Western Europe (1994–2007)," European Journal of Political Economy, Elsevier, vol. 27(S1), pages S37-S49.
  16. Mehlum, Halvor & Miguel, Edward & Torvik, Ragnar, 2006. "Poverty and crime in 19th century Germany," Journal of Urban Economics, Elsevier, vol. 59(3), pages 370-388, May.
  17. Loureiro, Paulo R.A. & Mendonça, Mário Jorge Cardoso de & Moreira, Tito Belchior Silva & Sachsida, Adolfo, 2009. "Crime, economic conditions, social interactions and family heritage," International Review of Law and Economics, Elsevier, vol. 29(3), pages 202-209, September.
  18. Li-Wei Chao & Helena Szrek & Nuno Sousa Pereira & Mark V. Pauly, 2009. "Time preference and its relationship with age, health, and survival probability," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 4(1), pages 1-19, February.
  19. Freeman, Richard B., 1999. "The economics of crime," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 52, pages 3529-3571 Elsevier.
  20. Eric D. Gould & Bruce A. Weinberg & David B. Mustard, 2002. "Crime Rates And Local Labor Market Opportunities In The United States: 1979-1997," The Review of Economics and Statistics, MIT Press, vol. 84(1), pages 45-61, February.
  21. Paolo Buonanno & Daniel Montolio & Paolo Vanin, 2006. "Does Social Capital Reduce Crime?," "Marco Fanno" Working Papers 0029, Dipartimento di Scienze Economiche "Marco Fanno".
  22. Eyal Lahav & Uri Benzion & Tal Shavit, 2011. "The effect of military service on soldiers' time preferences - Evidence from Israel," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 6(2), pages 130-138, February.
  23. Andrea Brandolini & Luigi Cannari & Giovanni D’Alessio & Ivan Faiella, 2006. "Household Wealth Distribution in Italy in the 1990s," Chapters, in: International Perspectives on Household Wealth, chapter 7 Edward Elgar.
  24. Lederman, Daniel & Loayza, Norman & Menendez, Ana Maria, 2002. "Violent Crime: Does Social Capital Matter?," Economic Development and Cultural Change, University of Chicago Press, vol. 50(3), pages 509-39, April.
  25. Silvia Magri & Raffaella Pico & Cristiana Rampazzi, 2011. "Which households use consumer credit in Europe?," Questioni di Economia e Finanza (Occasional Papers) 100, Bank of Italy, Economic Research and International Relations Area.
  26. Soares, Rodrigo R., 2004. "Development, crime and punishment: accounting for the international differences in crime rates," Journal of Development Economics, Elsevier, vol. 73(1), pages 155-184, February.
  27. Isaac Ehrlich, 1996. "Crime, Punishment, and the Market for Offenses," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 43-67, Winter.
  28. Shoko Yamane & Hiroyasu Yoneda & Taiki Takahashi & Yoshio Kamijo & Yasuhiro Komori & Fumihiko Hiruma & Yoshiro Tsutsui, 2011. "Smokers, Smoking Deprivation, and Time Discounting," ISER Discussion Paper 0822, Institute of Social and Economic Research, Osaka University.
  29. Kalist, David E. & Siahaan, Freddy, 2013. "The association of obesity with the likelihood of arrest for young adults," Economics & Human Biology, Elsevier, vol. 11(1), pages 8-17.
  30. Davis, Michael L, 1988. "Time and Punishment: An Intertemporal Model of Crime," Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 383-90, April.
  31. Sergio Beraldo & Raul Caruso & Gilberto Turati, 2012. "Life is Now! Time Discounting and Crime: Aggregate Evidence from the Italian Regions (2002-2007)," Working papers 013, Department of Economics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
  32. A. Colin Cameron & Jonah B. Gelbach & Douglas L. Miller, 2011. "Robust Inference With Multiway Clustering," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 29(2), pages 238-249, April.
  33. Benson, Bruce L. & Rasmussen, David W. & Kim, Iljoong, 1998. "Deterrence and Public Policy: Trade-Offs in the Allocation of Police Resources," International Review of Law and Economics, Elsevier, vol. 18(1), pages 77-100, March.
  34. Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
  35. Denis Fougère & Francis Kramarz & Julien Pouget, 2007. "Youth Unemployment and Crime in France," Working Papers 2007-33, Centre de Recherche en Economie et Statistique.
  36. Borghans,Lex & Golsteyn,Bart H.H., 2005. "Time Discounting and the Body Mass Index," ROA Research Memorandum 006, Maastricht University, Research Centre for Education and the Labour Market (ROA).
  37. Reilly, Barry & Robert Witt, 1992. "Crime, deterrence and unemployment in England and Wales: an empirical analysis," Discussion Papers in Economics 12/92, Department of Economics, University of Sussex.
  38. Angela K. Dills & Jeffrey A. Miron & Garrett Summers, 2008. "What Do Economists Know About Crime?," NBER Working Papers 13759, National Bureau of Economic Research, Inc.
  39. Shavit, Tal & Lahav, Eyal & Benzion, Uri, 2013. "Factors affecting soldiers’ time preference: A field study in Israel," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 44(C), pages 75-84.
  40. Caruso, Raul, 2008. "Spesa Pubblica E Criminalità Organizzata In Italia Evidenza Empirica Su Dati Panel Nel Periodo 1997-2003," MPRA Paper 6861, University Library of Munich, Germany.
  41. Durlauf, Steven N. & Navarro, Salvador & Rivers, David A., 2010. "Understanding aggregate crime regressions," Journal of Econometrics, Elsevier, vol. 158(2), pages 306-317, October.
  42. Akçomak, İ. Semih & ter Weel, Bas, 2012. "The impact of social capital on crime: Evidence from the Netherlands," Regional Science and Urban Economics, Elsevier, vol. 42(1-2), pages 323-340.
  43. Jonah B. Gelbach & Doug Miller, 2009. "Robust Inference with Multi-way Clustering," Working Papers 99, University of California, Davis, Department of Economics.
  44. Gary S. Becker, 1974. "Crime and Punishment: An Economic Approach," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 1-54 National Bureau of Economic Research, Inc.
  45. Sjoquist, David Lawrence, 1973. "Property Crime and Economic Behavior: Some Empirical Results," American Economic Review, American Economic Association, vol. 63(3), pages 439-46, June.
  46. Harrell Chesson & Jami Leichliter & Gregory Zimet & Susan Rosenthal & David Bernstein & Kenneth Fife, 2006. "Discount rates and risky sexual behaviors among teenagers and young adults," Journal of Risk and Uncertainty, Springer, vol. 32(3), pages 217-230, May.
  47. George Saridakis, 2004. "Violent Crime in the United States of America: A Time-Series Analysis Between 1960–2000," European Journal of Law and Economics, Springer, vol. 18(2), pages 203-221, September.
  48. Marselli, Riccardo & Vannini, Marco, 1997. "Estimating a crime equation in the presence of organized crime: Evidence from Italy," International Review of Law and Economics, Elsevier, vol. 17(1), pages 89-113, March.
  49. Caruso, Raul, 2011. "Crime and sport participation: Evidence from Italian regions over the period 1997–2003," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(5), pages 455-463.
  50. Benson, B.L. & Kim, I. & Rasmussen, D.W., 1992. "Estimating Deterrence Effects: A Public Choice Perspective on the Economics of Crime Literature," Working Papers 1992_12_01, Department of Economics, Florida State University.
  51. W. Groot & H. M. van den Brink, 2010. "The effects of education on crime," Applied Economics, Taylor & Francis Journals, vol. 42(3), pages 279-289.
  52. Michael Daly & Liam Delaney & Colm P. Harmon, 2009. "Psychological and Biological Foundations of Time Preference," Journal of the European Economic Association, MIT Press, vol. 7(2-3), pages 659-669, 04-05.
  53. Jeff Grogger, 1997. "Market Wages and Youth Crime," NBER Working Papers 5983, National Bureau of Economic Research, Inc.
  54. Corman, Hope & Joyce, Theodore & Lovitch, Norman, 1987. "Crime, Deterrence and the Business Cycle in New York City: A VAR Approach," The Review of Economics and Statistics, MIT Press, vol. 69(4), pages 695-700, November.
  55. Borghans, Lex & Golsteyn, Bart H.H., 2006. "Time discounting and the body mass index: Evidence from the Netherlands," Economics & Human Biology, Elsevier, vol. 4(1), pages 39-61, January.
  56. repec:fgb:ecolav:y:2009:i:1:p:73 is not listed on IDEAS
  57. Scorcu, Antonello E. & Cellini, Roberto, 1998. "Economic activity and crime in the long run: an empirical investigation on aggregate data from Italy, 1951-1994," International Review of Law and Economics, Elsevier, vol. 18(3), pages 279-292, September.
  58. Price, Gregory N., 2009. "Obesity and crime: Is there a relationship?," Economics Letters, Elsevier, vol. 103(3), pages 149-152, June.
  59. Miron, Jeffrey A, 2001. "Violence, Guns, and Drugs: A Cross-Country Analysis," Journal of Law and Economics, University of Chicago Press, vol. 44(2), pages 615-33, October.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:49865. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.