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Impatience and crime. Evidence from the NLSY97

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  • Basiglio Stefania

    (University of Torino and Collegio Carlo Alberto, Italy)

  • Foresta Alessandra

    (University of York, UK)

  • Turati Gilberto

    (Department of Economics and Finance (Dipartimento di Economia e Finanza), Catholic University (Rome), Italy)

Abstract

TWe empirically test the relationship between crime and impatience at the individual level exploiting data from the National Longitudinal Survey of Youth 1997 (NLSY97). Besides providing information on both violent and property crimes, NLSY97 allows to observe different behaviors sharing impatience as a common latent factor. We use factor analysis to extract this common factor as a measure for impatience. Estimates from a Logit model suggest a positive association between impatience and crime. This relationship differs across genders: impatience matters for both violent and property crimes for women, while it affects only violent crimes for men. The result is robust to different specications of the factor analysis and to controls for risk preferences. Our results bring support to policies aimed at influencing individual time preferences as an indirect way to combat crime.

Suggested Citation

  • Basiglio Stefania & Foresta Alessandra & Turati Gilberto, 2021. "Impatience and crime. Evidence from the NLSY97," Working papers 073, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
    • Handle: RePEc:tur:wpapnw:073
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    3. Valentina Colombo & Alessia Paccagnini, 2024. "Uncertainty and the Federal Reserve’s Balance Sheet Monetary Policy," DISCE - Working Papers del Dipartimento di Economia e Finanza def131, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    4. Lia Q. Flores & Julian Jamison, 2023. "Predicting life outcomes with automatic thinking measures in a marginalized population," Economics Series Working Papers 1005, University of Oxford, Department of Economics.
    5. Russell Davidson & Andrea Monticini, 2023. "Bootstrap Performance with Heteroskedasticity," DISCE - Working Papers del Dipartimento di Economia e Finanza def130, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    6. Irene Torrini & Claudio Lucifora & Antonio Russo, 2022. "The Long-Term Effects of Hospitalization on Health Care Expenditures: An Empirical Analysis for the Young-Old Population," DISCE - Working Papers del Dipartimento di Economia e Finanza def117, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).

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    More about this item

    Keywords

    Time preferences; Impatience; Property crime; Violent crime; NLSY97; Factor analysis;
    All these keywords.

    JEL classification:

    • D99 - Microeconomics - - Micro-Based Behavioral Economics - - - Other
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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