The Economics of Crime - 9780226153742

Taking an empirical economics perspective, this volume assesses the causal impacts of disadvantage on youth outcomes and how policy interventions can alleviate those impacts. Each chapter develops a framework to describe the relationship between youth disadvantages and later life outcomes, addressing such factors as educational opportunity, health, neighborhood crime rates, and employment. This book documents the serious short-and long-term consequences of childhood disadvantage and provides nuanced evidence of the impact of public policy designed to help needy children.

This volume offers comparative analysis from twelve countries and examines the issue of age in the labor force. Contributors analyze the relationship between incentives to retire and the proportion of older persons in the workforce, the effects that reforming social security would have on the employment rates of older workers, and how extending labor force participation will affect program costs. Dispelling the myth that employingolder workers takes jobs away from the young, this timely volume challenges a raft of existing assumptions about the relationship between old and young people in the workforce.

In less than three decades, China has grown from playing a negligible role in world trade to being one of the world's largest exporters, a substantial importer of raw materials, intermediate outputs, and other goods, and both a recipient and source of foreign investment. This volume undertakes an empirical investigation of the effects of China's new status, providing detailed analyses of the microstructure of trade, the macroeconomic implications, sector-level issues, and foreign direct investment. Careful examination of micro data in light of established economic theories clarifies a number of misconceptions, overturns some conventional wisdom, and documents data patterns that enhance our understanding of issues related to China's trade.

Crime rates in Latin America are among the highest in the world, and in several countries they have steadily risen over the past two decades, making crime the primary concern of many citizens. 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. This book contributes 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 mandatory arrest laws, education in prisons, and the relationship between poverty and crime. the book also presents research from outside Latin America, illustrating the broad range of approaches that have been fruitful in studying crime in developed nations. The Economics of Crime will be vital for researchers, policy makers, and students of both crime and of Latin American economic policy.