Mastrobuoni, Giovanni; Rivers, David A. - 2016
in Italy and provide non-parametric evidence on the extent of discounting from the raw data on recidivism and sentence … length. Using a discrete-choice model of recidivism, we estimate an average annual discount factor of 0.74, although there is … heterogeneity based on age, education, crime type, and nationality. Our estimates imply that the majority of deterrence is derived …