Author

Di Tella, Rafael ; Dubra, Juan

Editor

Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía

Date

2011

Extensión

47 p.

Abstract

We describe the evolution of selective aspects of punishment in the US over the period 1980-2004. We note that imprisonment increased around 1980, a period that coincides with the “Reagan revolution” in economic matters. We build an economic model where beliefs about economic opportunities and beliefs about punishment are correlated. We present three pieces of evidence (across countries, within the US and an experimental exercise) that are consistent with the model.

Palabras claves

Multiple equilibria Illegal behavior Sentences

Tipo

Documento de trabajo

Derechos

Abierto

Versión

Publicada

En

Documentos de trabajo del Departamento de Economía; UM_CEE_2011_05

Collections

• Documentos de trabajo [65]