We present a dynamic two-period model of individual behaviour with heterogeneous agents in which individuals decide how to allocate their disposable time between education, crime and work in the legal sector. Education has a twofold effect: it implies higher expected wages in the legal sector, increasing the opportunity cost of committing crime and it has a sort of "civilization" effect that makes more costly to engage in criminal activities. We model this effect by introducing a peer pressure function.

Crime, education and peer pressure

BUONANNO, Paolo
2006-01-01

Abstract

We present a dynamic two-period model of individual behaviour with heterogeneous agents in which individuals decide how to allocate their disposable time between education, crime and work in the legal sector. Education has a twofold effect: it implies higher expected wages in the legal sector, increasing the opportunity cost of committing crime and it has a sort of "civilization" effect that makes more costly to engage in criminal activities. We model this effect by introducing a peer pressure function.
journal article - articolo
2006
Buonanno, Paolo
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10446/23788
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