Crime and the Labor Market

Randi Hjalmarsson, Stephen Machin, Paolo Pinotti and Steve Machin

No 11425, CESifo Working Paper Series from CESifo

Abstract: The economics of crime has emerged as a critical field over the past 30 years, with economists increasingly exploring the causes and consequences of criminal behavior. This chapter surveys key contributions and developments from labor economists, who investigate the (often two-way) intersection of crime with labor market factors, such as education, wages, and unemployment. The chapter underscores the importance of understanding criminal decision-making in economic analysis through the lens of opportunity costs and labor market conditions. Methodological advancements, particularly those addressing causation, have propelled the field forward, enabling more accurate conclusions to be drawn for policy recommendations. The chapter also explores the role of social policies and international contexts, emphasizing the need for evidence-based reforms to effectively reduce crime. This comprehensive review underscores the transformative impact of economics on crime research and its potential to influence real-world policies.

Keywords: economics of crime; labor market; criminal record; education; research directions (search for similar items in EconPapers)
JEL-codes: J01 K42 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-lab and nep-ure
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Related works:
Working Paper: Crime and the labor market (2024)
Working Paper: Crime and the Labor Market (2024)
Working Paper: Crime and the Labor Market (2024)
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