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Title: Essays in Applied Microeconomics: Policy Interventions and Spillovers to Crime
Resulting in 1 citation.
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Fone, Zachary S. |
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Essays in Applied Microeconomics: Policy Interventions and Spillovers to Crime Ph.D. Dissertation, Department of Economics, University of New Hampshire, 2020 Cohort(s): NLSY97 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Crime; Minimum Wage Permission to reprint the abstract has not been received from the publisher. The first essay explores the spillover effects to crime from minimum wage increases. A report (from April 2016) by the Council of Economic Advisers advocates raising the minimum wage to deter crime. Minimum wage increases could reduce crime for low-skilled workers through wage gains, but they could also increase crime if they create adverse employment effects (less hours of work and unemployment). Using crime data across three sources over the 1998–2016 period, we find no evidence that increases in the minimum wage reduce crime. Instead, we find that raising the minimum wage increases property crime arrests among those ages 16-to-24. Our estimates suggest that a $15 Federal minimum wage could generate criminal externality costs of nearly $2.4 billion. |
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Bibliography Citation
Fone, Zachary S. Essays in Applied Microeconomics: Policy Interventions and Spillovers to Crime. Ph.D. Dissertation, Department of Economics, University of New Hampshire, 2020. |