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The effect of stolen goods markets on crime : evidence from a quasi natural experiment
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D'Este, Rocco (2014) The effect of stolen goods markets on crime : evidence from a quasi natural experiment. Working Paper. University of Warwick. Department of Economics. Warwick economics research papers series (TWERPS), Volume 2014 (Number 1040). (Unpublished)
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
This paper investigates the effect of the market for stolen goods on crime, using county level data for the United States between 1997 and 2010. We analyze this issue through the lens of pawnshops, a widespread business that offers secured loans to people, with items of
personal property used as collateral. The endogeneity of pawnshops to crime is addressed exploiting the exogenous shift in the gold price - the main determinant of pawnbrokers' profit function - as a quasi natural experiment, where the intensity of the treatment is given by the initial concentration of pawnshops in the county. A one standard deviation increase in pawnshops'
concentration raises by 0.05 standard deviation the effect of gold price on burglaries and robberies. No effect is detected on all other crimes.
| Item Type: | Working or Discussion Paper (Working Paper) | ||||
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| Alternative Title: | |||||
| Subjects: | H Social Sciences > HV Social pathology. Social and public welfare | ||||
| Divisions: | Faculty of Social Sciences > Economics | ||||
| Library of Congress Subject Headings (LCSH): | Pawnbroking -- Econometric models, Crime -- Econometric models, Receiving stolen goods, Theft | ||||
| Series Name: | Warwick economics research papers series (TWERPS) | ||||
| Publisher: | University of Warwick. Department of Economics | ||||
| Official Date: | 5 March 2014 | ||||
| Dates: |
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| Volume: | Volume 2014 | ||||
| Number: | Number 1040 | ||||
| Number of Pages: | 19 | ||||
| Institution: | University of Warwick | ||||
| Status: | Not Peer Reviewed | ||||
| Publication Status: | Unpublished | ||||
| Access rights to Published version: | Open Access (Creative Commons) | ||||
| Date of first compliant deposit: | 28 July 2016 | ||||
| Date of first compliant Open Access: | 28 July 2016 | ||||
| Funder: | Economic and Social Research Council (Great Britain) (ESRC) |
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