Corman, Hope; Mocan, Naci - In: Journal of Law and Economics 48 (2005) 1, pp. 235-66
This paper investigates the effect of economic conditions (carrots) and sanctions (sticks) on murder, assault, robbery, burglary, motor vehicle theft, grand larceny, and rape in New York City, using monthly time-series data spanning 1974-99. Carrots are measured by the unemployment rate and the...