Transaction Search Form: please type in any of the fields below.
Date: April 30, 2024 Tue
Time: 12:06 am
Time: 12:06 am
Results for larceny
2 results foundAuthor: Nunley, John M. Title: The Impact of Macroeconomic Conditions on Property Crime Summary: This paper examines the impact of inflation, (un)employment, and stock market growth on the rates of larceny, burglary, motor vehicle theft, and robbery. The study uses U.S. data for the time period 1948 to 2009. We employ an unobserved component approach to circumvent the problems associated with omitted variables. We find that the three macroeconomic variables have a statistically significant impact for most of the property crime rates. However, taken together the macroeconomic variables explain no more than 15 percent of the surge in property crimes from the 1960 to the 1980s and their subsequent fall during the 1990s. Among the macroeconomic variables, almost all of the explanatory power is provided by changes in the inflation rate. Details: Auburn, AL: Auburn University, 2011. 35p. Department of Economics Source: Internet Resource: Auburn University Department of Economics Working Paper Series: Accessed October 22, 2011 at: http://cla.auburn.edu/econwp/Archives/2011/2011-06.pdf Year: 0 Country: United States URL: http://cla.auburn.edu/econwp/Archives/2011/2011-06.pdf Shelf Number: 123092 Keywords: BurglaryEconomics and CrimeLarcenyMotor Vehicle TheftProperty CrimeRobberyUnemployment and Crime123092 |
Author: Pew Charitable Trusts Title: The Effects of Changing State Theft Penalties: Increased felony thresholds have not resulted in higher property crime or larceny rates Summary: Since 2001, at least 30 states have raised their felony theft thresholds, or the value of stolen money or goods above which prosecutors may charge theft offenses as felonies, rather than misdemeanors. Felony offenses typically carry a penalty of at least a year in state prison, while misdemeanors generally result in probation or less than a year in a locally run jail. Lawmakers have made these changes to prioritize costly prison space for more serious offenders and ensure that value-based penalties take inflation into account. A felony theft threshold of $1,000 established in 1985, for example, is equivalent to more than twice that much in 2015 dollars. Critics have warned that these higher cutoff points might embolden offenders and cause property crime, particularly larceny, to rise. To determine whether their concerns have proved to be true, The Pew Charitable Trusts examined crime trends in the 23 states that raised their felony theft thresholds between 2001 and 2011, a period that allows analysis of each jurisdiction from three years before to three years after the policy change. Pew also compared trends in states that raised their thresholds during this period with those that did not. This chartbook illustrates three important conclusions from the analysis: -Raising the felony theft threshold has no impact on overall property crime or larceny rates. -States that increased their thresholds reported roughly the same average decrease in crime as the 27 states that did not change their theft laws. -The amount of a state's felony theft threshold-whether it is $500, $1,000, $2,000, or more-is not correlated with its property crime and larceny rates. Details: Philadelphia: Pew Charitable Trusts, 2016. 20p. Source: Internet Resource: Accessed March 29, 2016 at: http://www.pewtrusts.org/~/media/assets/2016/02/the_effects_of_changing_state_theft_penalties.pdf Year: 2016 Country: United States URL: http://www.pewtrusts.org/~/media/assets/2016/02/the_effects_of_changing_state_theft_penalties.pdf Shelf Number: 138450 Keywords: LarcenyProperty CrimesTheft |