Crime, Deterrence and Unemployment in Greece: A Panel Data Approach

12 Pages Posted: 9 Jul 2009

See all articles by George Saridakis

George Saridakis

University of Essex - Department of Economics

Hannes Spengler

ZEW – Leibniz Centre for European Economic Research - International Finance and Financial Management

Date Written: January 2009

Abstract

This study empirically examines the relationship between crime, deterrence and unemployment in Greece. A regional dataset over the period 1991-1998 was collected and analyzed. Our econometric methodology follows the Generalized Method of Moments (GMM) estimator applied to dynamic models of panel data. The results show that property crimes are significantly deterred by higher clear-up rates. Also for property crime rates, the results indicate that unemployment increases crime. For violent crimes, however, the effect of the clear-up rate and unemployment are found to be insignificant.

Keywords: crime, deterrence, unemployment, panel data, GMM

Suggested Citation

Saridakis, George and Spengler, Hannes, Crime, Deterrence and Unemployment in Greece: A Panel Data Approach (January 2009). DIW Berlin Discussion Paper No. 853, Available at SSRN: https://ssrn.com/abstract=1430906 or http://dx.doi.org/10.2139/ssrn.1430906

George Saridakis (Contact Author)

University of Essex - Department of Economics ( email )

Wivenhoe Park
Colchester CO4 3SQ
United Kingdom

Hannes Spengler

ZEW – Leibniz Centre for European Economic Research - International Finance and Financial Management ( email )

Postfach 103443
Mannheim, D-68034
Germany
+49 621 1235 284 (Phone)

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