Why do so many young American men commit crimes and what might we do about it?

Article Abstract:

The rising rate of criminality among young American men, particularly blacks and less educated, can be contained by creating enough employment opportunities for them. The collapse of the employment market for less skilled men in the 1980s and 1990s contributed to their increased involvement in the crime. In 1993, 2.9% American men incarcerated were in the age group of 25 to 34 according to the Bureau of Justice Statistics. Combining age and race, 25% of black men in the age group of 25-34 were in the prison. The proportion of high school dropouts was also significantly high during the period.

Analysis, Criminals, Crime prevention

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Social psychology, unemployment and macroeconomics

Article Abstract:

The behavioral approach of social psychology in macroeconomic research can provide valuable insight into labour market analysis. The behavioral macroeconomic model looks into the factors accompanying employment outcomes and psychological well-being. Social psychologists feel that unemployment, negative emotion, and low productivity are interdependent. The model, offering insights into unemployment hysteresis and hypotheses' natural rate, emphasizes that greater unemployment declines productivity, and prohibits the economy to restore its original equilibrium level of employment.

Psychological aspects, Labor productivity

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Whom or what does the representative individual represent?

Article Abstract:

The use of the 'representative' utility maximizing individual in macroeconomic models is unjustified and leads to conclusions which are usually misleading and often wrong. Such models of economic behavior are ill-suited to studying macroeconomic phenomena since there is no direct relation between individual and collective behavior. Studying the aggregate activity resulting from the direct interaction between individuals is more appropriate in developing the foundations of macroeconomics.

Methods, Representations of groups, Group representation (Mathematics)

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