Crime Scars: Recessions and the Making of Career Criminals

• 成果类型: Article
• 署名作者: Bell, Brian; Bindler, Anna; Machin, Stephen
• 署名单位: University of London; King's College London; University of London; London School Economics & Political Science; University of Gothenburg
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/rest_a_00698
• 发表日期: 2018-07
• 页码: 392-404
• 关键词: education; AGE; Heterogeneity; MODEL

摘要

Recessions lead to short-term job loss, lower happiness, and decreasing income levels. There is growing evidence that workers who first join the labor market during economic downturns suffer from poor job matches that can have sustained detrimental effects on wages and career progressions. This paper uses U.S. and U.K. data to document a more disturbing long-run effect of recessions: young people who leave school during recessions are significantly more likely to lead a life of crime than those entering a buoyant labor market. Thus, crime scars resulting from higher entry-level unemployment rates prove to be long lasting and substantial.