Crime and the Business Cycle in Mississippi

Thrasher, Taylor (2018) Crime and the Business Cycle in Mississippi. Undergraduate thesis, under the direction of Thomas Garrett from Economics, The University of Mississippi.

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Abstract

This thesis examines the relationship between crime and the business cycle in Mississippi. Working with a theoretical model of the individual’s decision to commit a crime, I show that an increase in legal income decreases an individual’s propensity to commit crime. I then use regressions to estimate the long-run and short-run income elasticities of violent crime, burglary, larceny, and vehicle theft. The long-run empirical model shows how income growth effects crime growth, and the short-run empirical model shows how income variability effects crime variability. In the long run, I find that as income increases (decreases), both burglary and larceny decrease (increase). In the short run, larceny again decreases (increases) as income increases (decreases), and burglary rises during years for which there are recessions. I find no long-run or short-run relationship between violent crime or vehicle theft and the business cycle.

Item Type: Thesis (Undergraduate)
Creators: Thrasher, Taylor
Student's Degree Program(s): B.A. in Economics and Mathematics
Thesis Advisor: Thomas Garrett
Thesis Advisor's Department: Economics
Institution: The University of Mississippi
Subjects: H Social Sciences > HB Economic Theory
Depositing User: Taylor Thrasher
Date Deposited: 04 May 2018 16:31
Last Modified: 04 May 2018 16:31
URI: http://thesis.honors.olemiss.edu/id/eprint/1025

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