A SEARCH MODEL OF EARLY EMPLOYMENT CAREERS AND YOUTH CRIME
构建了一个包含合法和犯罪部门的两部门摩擦性劳动力搜索模型，利用年轻罪犯的面板数据估计，发现针对合法劳动部门的政策在减少犯罪和提升福利方面优于传统针对犯罪部门的政策。
Abstract A large fraction of disadvantaged young individuals makes money from crime, and yet their labor market is usually studied ignoring the presence of the criminal sector. Consistent with the empirical evidence, I build a two‐sector model of frictional labor search to study crime and employment outcomes jointly, and estimate it using a panel data set of young offenders. I use the model to illustrate sizable interactions between sectors, and show that, aiming at the same reduction in crime, policies targeting the legal labor sector generate larger welfare gains, and at a comparable cost, than traditional policies focusing on the criminal sector.