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- W1485495551 abstract "We present a dynamic model of crime wherein agents anticipate future consequences of their actions. While investigating the role of human capital, our focus is on a form of capital that has received somewhat less attention in the literature, social capital, which accounts for the influence of social norms on the decision to participate in crime. The model is estimated with panel data from the 1958 Philadelphia Birth Cohort Study. Non-chosen states, which potentially depend on individual specific heterogeneity, are accounted for using simulation techniques. We find evidence of state dependence in the decision to participate in crime and the importance of initial levels of social capital stock in predicting adult criminal patterns." @default.
- W1485495551 created "2016-06-24" @default.
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- W1485495551 date "1998-01-01" @default.
- W1485495551 modified "2023-09-27" @default.
- W1485495551 title "An intertemporal model of rational criminal choice" @default.
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