This paper uses monthly time-series data from New York City that span 1970 to 1996, to provide new evidence on the relationship among crime, deterrence and drug use. The results provide strong support for the deterrence hypothesis. Murders, robberies, burglaries and motor vehicle thefts decline...

This paper uses monthly time-series data from New York City that span 1970 to 1996, to provide new evidence on the relationship among crime, deterrence and drug use. The results provide strong support for the deterrence hypothesis. Murders, robberies, burglaries and motor vehicle thefts decline...