Unemployment, imprisonment, and the stability of punishment hypothesis: Some results using cointegration and error correction models

A version of the “stability of punishment” hypothesis is used to illustrate the concept of cointegration and its relationship to error correction models. The hypothesis is then tested and rejected using data from England and Wales. Finally, a dynamic time-series model relating imprisonment to convic...

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Bibliographic Details
Main Author: Hale, Chris (Author)
Format: Electronic Article
Language:English
Published: 1989
In: Journal of quantitative criminology
Year: 1989, Volume: 5, Issue: 2, Pages: 169-186
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Keywords:
dynamic modeling
error correction models
Cointegration
stability of punishment
Description
Summary:A version of the “stability of punishment” hypothesis is used to illustrate the concept of cointegration and its relationship to error correction models. The hypothesis is then tested and rejected using data from England and Wales. Finally, a dynamic time-series model relating imprisonment to convictions, crime, and Unemployment is developed and tested.
ISSN:1573-7799
DOI:10.1007/BF01062522