CEP discussion paper
Better stealing than dealing: how do felony theft thresholds impact crime?
From 2005 to 2019, forty US states raised the dollar value threshold delineating misdemeanor and felony theft, reducing the expected punishment for a subset of property crimes. Using an event study framework, we observe ...Read more...
Stephen B. Billings, Michael D. Makowsky, Kevin Schnepel and Adam Soliman
24 October 2025