How Much Crime Reduction Does the Marginal Prisoner Buy?

By Rucker C. Johnson, Steven Raphael. Journal law and economy, 2012

152 citations recorded by the source corpus.

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Criminal Deterrence: A Review of the Literature (2017, methodology): “…and Moody: −0.4 for violent crimes and −0.3 for property crimes, while the largest elasticity reported is for robbery (−0.7).30 An alternative identification strategy can be found in Johnson and Raphael (2012), who develop an instrumental variable to predict future changes in incarceration rates.”
Deterrence in the Twenty-First Century (2013, methodology): “C(I ) Only Levitt (1996) and Johnson and Raphael (2012) use an IV regression approach to identify the causal effect of imprisonment on crime.”