. While both economic and deterrence variables are important in explaining the decline in crime, the contribution of …

. While both economic and deterrence variables are important in explaining the decline in crime, the contribution of …

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 … form estimates or traditional partial equilibrium, static models of crime. Equilibrium effects can be particularly relevant …