Ganong P.
Criminal Rehabilitation, Incapacitation, and Aging. American Law and Economics Review. 2012;14 (2) :391-424.
PaperAbstractIn April 1993, Georgia instituted new parole guidelines that led to longer prison terms for parole-eligible offenders. This paper shows that an extra year of prison reduces the three-year recidivism rate by 6 percentage points (14%) and that the benefits of
preventing this crime are likely outweighed by the costs of this additional incarceration. I develop a new econometric framework to jointly estimate the effects of rehabilitation, incapacitation, and aging in reducing crime. Estimates of incapacitation effects using existing methodologies are biased upward by at least a factor of 2 because they focus on a short time horizon.
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