Crime, Inequality, and Unemployment
构建了一个犯罪、不平等和失业三者内生的模型，发现引入犯罪会导致同质工人间的工资不平等，并产生多重均衡，从而解释相同社区为何出现不同犯罪率、不平等和失业水平。
There is much discussion of the relationships between crime, inequality, and unemployment. We construct a model where all three are endogenous. We find that introducing crime into otherwise standard models of labor markets has several interesting implications. For example, it can lead to wage inequality among homogeneous workers. Also, it can generate multiple equilibria in natural but previously unexplored ways; hence two identical neighborhoods can end up with different levels of crime, inequality, and unemployment. We discuss the effects of anti-crime policies like changing jail sentences, as well as more traditional labor market policies like changing unemployment insurance.(This abstract was borrowed from another version of this item.)