Gains–loss asymmetry of jobs, income, and risk‐taking behaviors
Bibliographic Data
| ID | 9680179 |
|---|---|
| Authors | Holly Nguyen (0000-0001-6327-623X, Department of Sociology and Criminology Pennsylvania State University University Park Pennsylvania USA, corresponding author), Lee Ann Slocum (0000-0002-8441-0546, Department of Criminology and Criminal Justice University of Missouri–St. Louis St. Louis Missouri USA) |
| Year | 2024 |
| Volume | 62 |
| Issue | 4 |
| Pages | 799-829 |
| Publication date | 2024-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Criminology (JOURNAL) |
| Journal identifiers | ISSN: 0011-1384 • E-ISSN: 1745-9125 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1745-9125.12389 |
| OpenAlex | W4405124472 |
| Language | EN |
| Citations received | 1 |
| References cited | 122 |
Despite extensive theorizing on the employment–crime link, little discussion has taken place on the mechanisms through which job gains and losses affect behavior. We draw on prospect theory and the loss aversion principle, which suggests people are more sensitive to losses than gains, to assess how individuals contend with transitions in employment and income. Using fixed‐effects and asymmetrical fixed‐effects models, we analyze 36 months of retrospective information for a sample of incarcerated males collected as part of the Second Nebraska Inmate Study. First, we assess whether job losses are more likely than job gains to generate financial stress and find support for the loss aversion principle. Second, we explore how people might compensate for changes in job and income status by engaging in risk‐taking behaviors (illegal earnings, gun carrying, and offending versatility). We find the positive relationship between job and income loss on the probability of reporting illegal earnings and crime versatility is stronger than the negative relationship between job and income gain and these behaviors. Financial stress, however, does not attenuate the relationship between losses and risk‐taking behaviors. We discuss the implications for theory and policy
Affect (linguistics · Demographic economics · Earnings · Economics · Expected utility hypothesis · Job loss · Loss aversion · Microeconomics · Risk aversion (psychology · Unemployment · Crime Patterns and Interventions · Criminal Justice and Corrections Analysis · Employment and Welfare Studies · Finance · Psychology
No Way Out
Fixed Effects Regression Models
The Boundaries of Loss Aversion
The Structure of Autobiographical Memory and the Event History Calendar
Plea Bargaining outside the Shadow of Trial
Myopic Loss Aversion and the Equity Premium Puzzle
Reference-Dependent Risk Attitudes
Consumer Choice between Hedonic and Utilitarian Goods
Loss Aversion in Riskless Choice
Prospect Theory
Testing Mediational Models With Longitudinal Data
Mediation Analyses of Intensive Longitudinal Data with Dynamic Structural Equation Modeling
Offending Frequency and Responses to Illegal Monetary Incentives
Status Gains versus Status Losses
Prison Work and Vocational Programs
Psychosocial stress
Making It Count
Ban the Box, Criminal Records, and Racial Discrimination
Handbook of Quantitative Criminology
Scaling Criminal Offending
Market Wages and Youth Crime
Identifying the Effect of Unemployment on Crime
Crime in the Making
Money, Well-Being, and Loss Aversion
Shared Beginnings, Divergent Lives
Decision-making, financial risk aversion, and behavioral biases
Incidental fear cues increase monetary loss aversion
The reliability of drug use indicators collected from a prisoner sample using the life events calendar method
Positive-Negative Asymmetry in Evaluations
Offender Decision-Making in Criminology
The promise of behavioral economics for understanding decision‐making in the court
A Signaling Perspective on Employment‐Based Reentry Programming
How beliefs influence the relative magnitude of pleasure and pain
Toward a Developmental Criminology
Crime and Work
The validity of criminal justice contacts reported by inmates
Participation in Illegitimate Activities
Crime and Punishment
Revisiting the relationship between age, employment, and recidivism
Foundation for a General Strain Theory of Crime and Delinquency
Changes in Criminal Offending Around the Time of Job Entry
Factors Influencing Gun Carrying Among Young Urban Males Over the Adolescent‐young Adult Life Course
Turning Points in the Life Course
Does Marriage Reduce Crime? A Counterfactual Approach to Within‐individual Causal Effects
How and Why Does Work Matter? Employment Conditions, Routine Activities, and Crime Among Adult Male Offenders
A Test of General Strain Theory
Trajectories to Mid- and Higher-level Drug Crimes
The moderator–mediator variable distinction in social psychological research
Loss Aversion in Politics
A comparison of coping assessed by ecological momentary assessment and retrospective recall
Memory accuracy in the recall of emotions
Memory for positive versus negative life events
Bad is Stronger than Good
Understanding Desistance from Crime
Firearms Ownership for Sport and Protection
Unemployment and Crime Rates in the Post-World War II United States
Anomalies
Barriers to Prisoners' Reentry into the Labor Market and the Social Costs of Recidivism
The Returns to Criminal Capital
Work as a Turning Point in the Life Course of Criminals
The Meaning of Work
Asymmetric Fixed-effects Models for Panel Data
The Far-Reaching Impact of Job Loss and Unemployment
Correlates of Male Adolescents Carrying Handguns Among Their Peers
When Criminal Coping is Likely
| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |