2017/03/30 by Christopher Blattman, Julian Jamison, Margaret A. Sheridan · 1 voice · 1 citation
Social Sciences · Business, Management and Accounting · Decision Sciences · #Experimental Behavioral Economics Studies #Financial Literacy, Pension, Retirement Analysis #Decision-Making and Behavioral Economics
paper · doi:10.1257/aer.20150503
openalex publication_date 2017/03/30 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/27
We show that a number of noncognitive skills and preferences, including patience and identity, are malleable in adults, and that investments in them reduce crime and violence. We recruited criminally engaged men and randomized one-half to eight weeks of cognitive behavioral therapy designed to foster self-regulation, patience, and a noncriminal identity and lifestyle. We also randomized 200 grants. Cash alone and therapy alone initially reduced crime and violence, but effects dissipated over time. When cash followed therapy, crime and violence decreased dramatically for at least a year. We hypothesize that cash reinforced therapy's impacts by prolonging learning-by-doing, lifestyle changes, and self-investment.