Market Wages and Youth Crime
通过时间分配模型分析工资对青少年犯罪的影响，利用全国青年纵向调查数据估计发现，工资下降是1970-80年代青少年犯罪上升的重要原因，且工资差异能解释犯罪参与中的种族差异和年龄分布。
To study the problem of widespread youth crime, the author analyzes a time-allocation model in which consumers face parametric wages and diminishing marginal returns to crime. The theory motivates an econometric model that he estimates using data from the National Longitudinal Survey of Youth. The author's estimates suggest that youth behavior is responsive to price incentives and that falling real wages may have been an important determinant of rising youth crime during the 1970s and 1980s. Moreover, wage differentials explain a substantial component of both the racial differential in criminal participation and the age distribution of crime. Copyright 1998 by University of Chicago Press.