Time discounting and criminal behavior.

Abstract:

: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.

authors

Åkerlund D,Golsteyn BH,Grönqvist H,Lindahl L

doi

10.1073/pnas.1522445113

subject

Has Abstract

pub_date

2016-05-31 00:00:00

pages

6160-5

issue

22

eissn

0027-8424

issn

1091-6490

pii

1522445113

journal_volume

113

pub_type

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