Crime, Inequality, and Unemployment, Second Version
Kenneth Burdett,
Ricardo Lagos and
Randall Wright
PIER Working Paper Archive from Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
Abstract:
There is much discussion of the relationships between crime, inequality, and unemployment. We construct a model where all three are endogenous. We find that introducing crime into otherwise standard models of labor markets has several interesting implications. For example, it can lead to wage inequality among homogeneous workers. Also, it can generate multiple equilibria in natural but previously unexplored ways; hence two identical neighborhoods can end up with different levels of crime, inequality, and unemployment. We discuss the effects of anti-crime policies like changing jail sentences, as well as more traditional labor market policies like changing unemployment insurance.
Keywords: Crime; Inequality; Unemployment; Search (search for similar items in EconPapers)
JEL-codes: D83 J64 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2002-05-03, Revised 2003-09-01
New Economics Papers: this item is included in nep-dge, nep-lab and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (64)
Downloads: (external link)
https://economics.sas.upenn.edu/sites/default/file ... ng-papers/03-029.pdf (application/pdf)
Related works:
Journal Article: Crime, Inequality, and Unemployment (2003) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pen:papers:03-029
Access Statistics for this paper
More papers in PIER Working Paper Archive from Penn Institute for Economic Research, Department of Economics, University of Pennsylvania 133 South 36th Street, Philadelphia, PA 19104. Contact information at EDIRC.
Bibliographic data for series maintained by Administrator (pier@econ.upenn.edu).