The Economics of Crime: Lessons For and From Latin America
Rafael Di Tella, Sebastian Edwards, Ernesto Schargrodsky
University of Chicago Press, 2010 - Business & Economics - 472 pages
Crime rates in Latin America are among the highest in the world, creating climates of fear and lawlessness in several countries. Despite this situation, there has been a lack of systematic effort to study crime in the region or the effectiveness of policies designed to tackle it. The Economics of Crime is a powerful corrective to this academic blind spot and makes an important contribution to the current debate on causes and solutions by applying lessons learned from recent developments in the economics of crime. The Economics of Crime addresses a variety of topics, including the impact of kidnappings on investment, mandatory arrest laws, education in prisons, and the relationship between poverty and crime. Utilizining research from within and without Latin America, this book illustrates the broad range of approaches that have been efficacious in studying crime in both developing and developed nations. The Economics of Crime is a vital text for researchers, policymakers, and students of both crime and of Latin American economic policy.
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American analysis Argentina arrest rates asset accumulation asset loss average behavior Bogota boroughs Brazil capital capital punishment changes chapter cities Coefﬁcient coeﬂicient Colombia commutations conﬂict correlation cost countries crime rates criminal data set death penalty death row decline deﬁned displaced households domestic violence drug Duration on death Economic Review empirical estimates evidence ﬁfteen ﬁgure ﬁnd ﬁnding ﬁrms ﬁrst ﬁve ﬁxed effects groups guerrilla attacks homicide rate house values impact income increase individuals inmates instrumental variable interaction investment Journal kidnappings Latin America lethality Levitt mandatory arrest laws ment Mocan Mocan and Gittings murder rate National negative Newark observed Operation Theseus panel participation percent level period population potential prison punishment Rafael Di Tella regressions reported S50 Paulo sample Schargrodsky signiﬁcantly social speciﬁcations standard errors statistically signiﬁcant strategy Stratum Tella theft tion trend variables victimization rates violence violent crime Yes Yes Yes