Crime and the labor market

Randi Hjalmarsson, Stephen Machin and Paolo Pinotti

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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: K42 (search for similar items in EconPapers)
Pages: 63 pages
Date: 2024-10-21
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Downloads: (external link)
http://eprints.lse.ac.uk/126746/ Open access version. (application/pdf)

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)
Working Paper: Crime and the Labor Market (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:126746

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