Asymmetric Crime Cycles
利用州级和个体面板数据，发现犯罪率对失业率变化的反应存在非对称性，这对政策制定有启示，并可能适用于收入与健康、同伴质量与学生成绩等其他领域。
Abstract Recent theoretical models underscore the potential asymmetric response of various behaviors, ranging from criminal activity to smoking. In this paper, we use state-level panel and individual-level panel data to document the previously unnoticed asymmetric response of crime to changes in the unemployment rate. The results have policy implications, and they have potentially widespread ramifications because similar asymmetries may also be prevalent in other domains, ranging from the relationship between income and health to peer quality and student outcomes.