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Some Empirical Evidence on Offender Time Discount Rates

Identifieur interne : 000523 ( Istex/Checkpoint ); précédent : 000522; suivant : 000524

Some Empirical Evidence on Offender Time Discount Rates

Auteurs : Andrew Torre ; Darren Wraith [France]

Source :

RBID : ISTEX:A7C1A94CCCA8CF0E342F8293F1488AAA018F9CED

Descripteurs français

English descriptors

Abstract

The conventional wisdom is that offenders have very high discount rates not only with respect to income and fines but also with respect to time incarcerated. These rates are difficult to measure objectively and the usual approach is to ask subjects hypothetical questions and infer time preference from their answers. In this article, we propose estimating rates at which offenders discount time incarcerated by specifying their equilibrium plea, defined as the discount rate, which equates the time and expected time spent in jail following a guilty plea and a trial. Offenders are assumed to exhibit positive time preference and discount time spent in jail at a constant rate. Our choice of sample is interesting because the offenders are not on bail, punishment is not delayed and the offences are planned therefore conforming to Becker’s model of the decision to commit a crime. Contrary to the discussion in the literature, we do not find evidence of consistently high time discount rates, and therefore cannot unequivocally infer that the prison experience always results in low levels of specific deterrence.

Url:
DOI: 10.1111/j.1759-3441.2011.00152.x


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ISTEX:A7C1A94CCCA8CF0E342F8293F1488AAA018F9CED

Le document en format XML

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<term>Court administrators</term>
<term>Court delay</term>
<term>Crime statistics</term>
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<term>Criminal sanctions</term>
<term>Critical review</term>
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<term>Defendant</term>
<term>Deterrence</term>
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<term>Discount rates</term>
<term>Discounting</term>
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<term>Economic literature</term>
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<term>Empirical methodology</term>
<term>Equilibrium plea</term>
<term>Equilibrium value</term>
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<term>Fundamental link</term>
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<term>High discount rates</term>
<term>Individual differences</term>
<term>Intersection point</term>
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<term>Loss function</term>
<term>Loss functions</term>
<term>Marginal deterrence</term>
<term>Median</term>
<term>Median defendant</term>
<term>Mitchell polinsky</term>
<term>Nagin</term>
<term>Offence</term>
<term>Offender</term>
<term>Offender time discount rates</term>
<term>Parameter values</term>
<term>Personal capital</term>
<term>Plea</term>
<term>Political economy</term>
<term>Potential offenders</term>
<term>Present orientation</term>
<term>Prison experience</term>
<term>Prison sentences</term>
<term>Quantitative estimates</term>
<term>Sentence discounts</term>
<term>Sentence length</term>
<term>Sentence lengths</term>
<term>Sexual assault</term>
<term>Simulation exercise</term>
<term>Standard deviation increase</term>
<term>Time discount rate</term>
<term>Time discount rates</term>
<term>Time discounting</term>
<term>Time preference</term>
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<term>Court delay</term>
<term>Crime statistics</term>
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<term>Criminal sanctions</term>
<term>Critical review</term>
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<term>Defendant</term>
<term>Deterrence</term>
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<term>Discount</term>
<term>Discount rate</term>
<term>Discount rates</term>
<term>Discounting</term>
<term>Economic approach</term>
<term>Economic literature</term>
<term>Economic society</term>
<term>Empirical evidence</term>
<term>Empirical methodology</term>
<term>Equilibrium plea</term>
<term>Equilibrium value</term>
<term>Equitable sentencing</term>
<term>Fundamental link</term>
<term>Guilty plea</term>
<term>Guilty pleas</term>
<term>High discount rates</term>
<term>Individual differences</term>
<term>Intersection point</term>
<term>Lngp</term>
<term>Lngp curve</term>
<term>Loss function</term>
<term>Loss functions</term>
<term>Marginal deterrence</term>
<term>Median</term>
<term>Median defendant</term>
<term>Mitchell polinsky</term>
<term>Nagin</term>
<term>Offence</term>
<term>Offender</term>
<term>Offender time discount rates</term>
<term>Parameter values</term>
<term>Personal capital</term>
<term>Plea</term>
<term>Political economy</term>
<term>Potential offenders</term>
<term>Present orientation</term>
<term>Prison experience</term>
<term>Prison sentences</term>
<term>Quantitative estimates</term>
<term>Sentence discounts</term>
<term>Sentence length</term>
<term>Sentence lengths</term>
<term>Sexual assault</term>
<term>Simulation exercise</term>
<term>Standard deviation increase</term>
<term>Time discount rate</term>
<term>Time discount rates</term>
<term>Time discounting</term>
<term>Time preference</term>
<term>Utilitarian model</term>
<term>Widespread looting</term>
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<div type="abstract" xml:lang="en">The conventional wisdom is that offenders have very high discount rates not only with respect to income and fines but also with respect to time incarcerated. These rates are difficult to measure objectively and the usual approach is to ask subjects hypothetical questions and infer time preference from their answers. In this article, we propose estimating rates at which offenders discount time incarcerated by specifying their equilibrium plea, defined as the discount rate, which equates the time and expected time spent in jail following a guilty plea and a trial. Offenders are assumed to exhibit positive time preference and discount time spent in jail at a constant rate. Our choice of sample is interesting because the offenders are not on bail, punishment is not delayed and the offences are planned therefore conforming to Becker’s model of the decision to commit a crime. Contrary to the discussion in the literature, we do not find evidence of consistently high time discount rates, and therefore cannot unequivocally infer that the prison experience always results in low levels of specific deterrence.</div>
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