By Peter Schmidt
An financial research of Crime and Justice: concept, equipment, and purposes provides the functions of financial idea and econometric easy methods to a number of difficulties in criminology.
The ebook is split into 3 components. half I discusses types of felony recidivism. the second one half tackles the industrial version of crime. half III estimates expense capabilities for prisons. particular chapters within the publication conceal issues on statistical research of qualitative results; research of 2 measures of criminality: the arrest cost and the conviction price; and long-run estimate of price functionality for a bunch of Federal Correctional associations.
Economists, correctional directors, and legal justice execs will locate the publication an exceptional resource of knowledge and perception.
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Additional info for An Economic Analysis of Crime and Justice. Theory, Methods, and Applications
To be an alcoholic or drug addict (ALKY = 1) decreases the probability of NONE but does not change the relative probability of FEL versus MIS. On the other hand, the effects of A AR are very similar but opposite in sign; to be older at release increases the probability of NONE without affecting the relative probabilities of FEL versus MIS. Finally, the effects of RACE and CONVBS are very similar to those of ALKY and LENG. To be white (RACE = 1) or to have more prior convictions decreases the probability of NONE but has no significant effect on the relative probability of FEL versus MIS.
34) RACE WR ALKY SUPER CONVBS RULE AAR AFA LENG MF a Results of Logit Analysis of the Seriousness of Criminal A c t i v i t y Reduced Specification, Theil Normalization0 Values in parentheses under coefficients are asymptotic / ratios. 3. Seriousness of Criminal Activity those that mainly affect the seriousness of the future conviction should one occur. Specifically, the variables RACE, ALKY, CONVBS, AAR, and LENG all affect the probability of NONE but have only insignificant effects on the relative probabilities of FEL and MIS; the variables WR, SUPER, AFA, and MF have only insignificant effects on the probability of NONE but do affect the relative probabilities of MIS and FEL.
Analysis of Type of Criminal Activity In this section we analyze the type of criminal activity during a follow-up period after release from prison. The dependent variable is the type of the 38 3. Logit Analysis of Criminal Activity most serious crime for which the individual is convicted during the follow-up period, and it has four values : (1) NONE, indicating that the individual was not convicted of any crime during the follow-up period ; (2) PROP, indicating that the most serious conviction was for a crime against property; 7 (3) PERS, indicating that the most serious conviction was for a crime against a person; 8 and (4) OTHER, indicating that the most serious conviction was for a crime other than a crime against property or against a person.
An Economic Analysis of Crime and Justice. Theory, Methods, and Applications by Peter Schmidt