Rapidly growing prison population in the U.S. has led to an upsurge of interest in discerning the impact of this costly increase on crime rates. Estimates of impact vary. We find that both higher levels of imprisonment and increases in labor force participation of women are related to...

In this paper, we analyze the tax compliance behavior of US taxpayers by using a 1979 data set that combines information from a random sample of individual tax returns each of which has been thoroughly audited, IRS administrative records, and sociodemographic data from the Census. We find...

In this paper, we assess the degree to which four of the most commonly used models of risky decision making can explain the choices individuals make when faced with risky prospects. To make this assessment, we use experimental evidence for two random samples of young adults. Using a robust,...