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Time discounting and criminal behavior
Stockholm Univ, Swedish Inst Social Res, SE-10691 Stockholm, Sweden..
Maastricht Univ, Dept Econ, NL-6200 MD Maastricht, Netherlands..
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
Stockholm Univ, Swedish Inst Social Res, SE-10691 Stockholm, Sweden..
2016 (English)In: Proceedings of the National Academy of Sciences of the United States of America, ISSN 0027-8424, E-ISSN 1091-6490, Vol. 113, no 22, 6160-6165 p.Article in journal (Refereed) Published
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Abstract [en]

One of the most basic predictions of almost any model of crime is that individual time preferences matter. However, empirical evidence on this fundamental property is essentially nonexistent. To our knowledge, this paper provides the first pieces of evidence on the link between time discounting and crime. We use a unique dataset that combines a survey-based measure of time discount rates (at age 13) with detailed longitudinal register data on criminal behavior spanning over 18 y. Our results show that individuals with short time horizons have a significantly higher risk of criminal involvement later in life. The magnitude of the relationship is substantial and corresponds to roughly one-third of the association between intelligence and crime.

Place, publisher, year, edition, pages
2016. Vol. 113, no 22, 6160-6165 p.
Keyword [en]
time discounting, intertemporal choice, crime
National Category
Social Sciences
Identifiers
URN: urn:nbn:se:uu:diva-298871DOI: 10.1073/pnas.1522445113ISI: 000376784600036PubMedID: 27185950OAI: oai:DiVA.org:uu-298871DiVA: diva2:948300
Available from: 2016-07-11 Created: 2016-07-11 Last updated: 2016-07-11Bibliographically approved

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