This research presents a dynamic model of crime in which agents anticipate future consequences of their actions. Current period decisions affect future outcomes by a process of capital accumulation. While investigating the role of human capital, the focus of our study is on a form of capital...

Recent research has highlighted the importance of interaction between individuals and their community in determining criminal and labor market choice, while standard models have focused on a human capital explanation. This research attempts to reconcile these two strands of literature by...

We study criminality in a dynamic context by introducing social capital into the economic theory of crime. Social capital measures the extent to which an individual is bonded to legitimate society. According to the social control perspective. bonds to society strengthen as the individual ages,...

This paper presents a dynamic model of criminal choice in which an offender's probability of arrest depends on his level of criminal activity as well as the actions of the criminal justice system. In addition, current choices affect future outcomes through a stock accumulation process. We...