This paper develops a dynamic life-cycle equilibrium model of crime with hetero-geneous agents and human capital accumulation. Agents decide at each point in time whether to commit crimes by comparing potential gains from crime to the expected cost of punishment (determined from the probability...

This paper develops a dynamic life-cycle equilibrium model of crime with hetero-geneous agents and human capital accumulation. Agents decide at each point in time whether to commit crimes by comparing potential gains from crime to the expected cost of punishment (determined from the probability...

Does early release decrease or increase the probability that ex-convicts will return to prison? We exploit unique data from Israeli courts, where appearance before the judge throughout the day has an arbitrary component. We first show that judges more often deny parole requests of prisoners...

Does early release decrease or increase the probability that ex-convicts will return to prison? We exploit unique data from Israeli courts, where appearance before the judge throughout the day has an arbitrary component. We first show that judges more often deny parole requests of prisoners...

Using administrative, longitudinal data on felony arrests in Florida, we exploit the doscontinous increase in the punitiveness of criminal sanctions at 18 to estimate the deterence effect of incarceration. Our analysis suggests a 2 percent decline in the logodds of offending at 18, with a...

When doing business in the European Union, it is important to know and understand the EU legislation. Legal language is often incomprehensible to the general public. Specialist writings should be directed not only to an audience with expert knowledge in the field but also to ordinary people. The...

Using administrative, longitudinal data on felony arrests in Florida, we exploit the doscontinous increase in the punitiveness of criminal sanctions at 18 to estimate the deterence effect of incarceration. Our analysis suggests a 2 percent decline in the logodds of offending at 18, with a...