Punishment and Economic Inequality: Estimating Short-Term and Long-Term Equilibrium Relationships
During the post-World War II (WWII) period, U.S. prison populations and economic inequality have historically shared a common trend. Both indexes were low and fairly stable until the early 1970s, but afterward, they rose significantly. In the context of the prison boom and high economic inequality,...
| Main Author: | |
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| Format: | Electronic Article |
| Language: | English |
| Published: |
2017
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| In: |
Criminal justice policy review
Year: 2017, Volume: 28, Issue: 7, Pages: 641-668 |
| Online Access: |
Volltext (Resolving-System) |
| Journals Online & Print: | Drawer...
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| Check availability: | HBZ Gateway |
| Keywords: |
MARC
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| 520 | |a During the post-World War II (WWII) period, U.S. prison populations and economic inequality have historically shared a common trend. Both indexes were low and fairly stable until the early 1970s, but afterward, they rose significantly. In the context of the prison boom and high economic inequality, such a meaningful coincidence that both variables follow the same trend calls for the present study examining their historical long-term relationship. With annual national data from 1950-2010, this study uses time-series regression techniques within a co-integration and error-correction framework. Although estimated results are sensitive to the model specification used in parameter estimation, there are in general both short-term and long-term equilibrium relationships between the two variables. Finally, this study concludes with a discussion of implications for policy development and future research. | ||
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