NDLI: Economics of Crime: Panel Data Analysis of Bank Robbery in the United States

Content Provider	Springer Nature Link
Author	Samavati, Hedayeh
Copyright Year	2006
Abstract	This paper examines the determinants of bank robbery in the United States using a rational choice model. Panel data estimation techniques were used to analyze the data for all 50 states and the District of Columbia from 1990 through 2000. A random-effects model emerged as the most appropriate estimating model for costs and benefits of bank robbery. Among the significant determinants of the rate of bank robbery were the unemployment rate and amount of loot. The findings suggest that the rational choice model is a suitable framework for examining bank robbery. However, if we are to draw useful policy conclusions, better data are needed to accurately measure the opportunity costs of bank robbery. (JEL C23, K42)
Starting Page	455
Ending Page	466
Page Count	12
File Format	PDF
ISSN	01974254
Journal	Atlantic Economic Journal
Volume Number	34
Issue Number	4
e-ISSN	15739678
Language	English
Publisher	Kluwer Academic Publishers-Plenum Publishers
Publisher Date	2006-10-27
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	bank robbery economics of crime panel data analysis Public Finance & Economics International Economics Microeconomics Macroeconomics/Monetary Economics Economics general
Content Type	Text
Resource Type	Article
Subject	Economics, Econometrics and Finance

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Economics of Crime: Panel Data Analysis of Bank Robbery in the United States