G.L.Piggy [at] gmail.com
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A roundup of NBER’s weekly working papers. It’s a new source that I’ve started checking every week, and it provides a lot of material of interest to this blog.
1. “The Effect of Police on Crime: New Evidence from U.S. Cities, 1960-2010″. Full paper here. A $1 investment in police saves $1.60 in victimization costs.
2. Implications of the derived demand for cigarettes as solutions to obesity. Women more than men smoke cigarettes in order to stave off weight gain. People who smoke for this reason are less affected by changes in cigarette prices. This has two implications: if someone wanted to raise sin tax revenue, people who wanted to lose weight from smoking would be easiest to take advantage of; people who hope to curb teen smoking will have to focus more on girls.
3. An economic analysis of black-white disparities in NYPD’s stop-and-frisk program. The researchers argue that police basically waste more time stopping and frisking whites and therefore there is no anti-black bias in the policy. This is surely a controversial way to look at the program. Full paper here.