Crime Scars: Recessions and the Making of Career Criminals
利用美国和英国数据，研究发现经济衰退期间毕业的年轻人更可能走上犯罪道路，且这种影响长期存在。
Abstract 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.