The Effect of Education on Crime: Evidence from Prison Inmates, Arrests, and Self-Reports
@article{Lochner2001TheEO, title={The Effect of Education on Crime: Evidence from Prison Inmates, Arrests, and Self-Reports}, author={L. Lochner and E. Moretti}, journal={Law & Economics}, year={2001} }
We estimate the effect of high school graduation on participation in criminal activity accounting for endogeneity of schooling. We begin by analyzing the effect of high school graduation on incarceration using Census data. Instrumental variable estimates using changes in state compulsory attendance laws as an instrument for high school graduation uncover a significant reduction in incarceration for both blacks and whites. When estimating the impact of high school graduation only, OLS and IV… CONTINUE READING
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