Working Paper
Model uncertainty and the deterrent effect of capital punishment
Abstract: The reintroduction of capital punishment after the end of the Supreme Court moratorium has permitted researchers to employ state level heterogeneity in the use of capital punishment to study deterrent effects. However, no scholarly consensus exists as to their magnitude. A key reason this has occurred is that the use of alternative models across studies produces differing estimates of the deterrent effect. Because differences across models are not well motivated by theory, the deterrence literature is plagued by model uncertainty. We argue that the analysis of deterrent effects should explicitly recognize the presence of model uncertainty in drawing inferences. We describe methods for addressing model uncertainty and apply them to understand the disparate findings between two major studies in the deterrence literature, finding that evidence of deterrent effects appears, while not nonexistent, is weak.
Keywords: Capital punishment;
Access Documents
File(s): File format is text/html http://www.bostonfed.org/bankinfo/qau/wp/2007/qau0703.htm
File(s): File format is application/pdf http://www.bostonfed.org/bankinfo/qau/wp/2007/qau0703.pdf
Bibliographic Information
Provider: Federal Reserve Bank of Boston
Part of Series: Supervisory Research and Analysis Working Papers
Publication Date: 2007
Number: QAU07-3