Impulse Purchases, Gun Ownership and Homicides: Evidence from a Firearm Demand Shock

89 Pages Posted: 24 Oct 2018

See all articles by Christoph Koenig

Christoph Koenig

University of Bristol; CAGE

David Schindler

Tilburg University

Multiple version iconThere are 2 versions of this paper

Date Written: October 24, 2018

Abstract

Do firearm purchase delay laws reduce aggregate homicide levels? Using quasi-experimental evidence from a 6-month countrywide gun demand shock starting in late 2012, we show that U.S. states with legislation preventing immediate handgun purchases experienced smaller increases in handgun sales. Our findings are hard to reconcile with entirely rational consumers, but suggest that gun buyers behave time-inconsistently. In a second step, we demonstrate that states with purchase delays also witnessed 3% lower homicide rates during the same period compared to states allowing instant handgun access. We report suggestive evidence that lower handgun sales primarily reduced impulsive assaults and domestic violence.

Keywords: K42, H76, H10, K14

JEL Classification: Guns, murder, Sandy Hook, gun control, impulsiveness

Suggested Citation

Koenig, Christoph and Schindler, David, Impulse Purchases, Gun Ownership and Homicides: Evidence from a Firearm Demand Shock (October 24, 2018). TILEC Discussion Paper No. 2018-036. Available at SSRN: https://ssrn.com/abstract=3272156 or http://dx.doi.org/10.2139/ssrn.3272156

Christoph Koenig

University of Bristol ( email )

University of Bristol,
Senate House, Tyndall Avenue
Bristol, BS8 ITH
United Kingdom

CAGE ( email )

Premier Business Centre
47-49 Park Royal Road
London, NW10 7LQ
United Kingdom

David Schindler (Contact Author)

Tilburg University ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

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