Many contemporary macro-level theories of criminal behavior and empirical tudies pf crime rates address the relationship between economic factor and crime. Relationship between economic circumstances such as wage inflation and unemployment to criminal activity is the main subject matter of this study. Wage inflation and unemployment taken as predictors of crime rates. Unemployment and inflation are two intricately linked economic concept. In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time and it is also erosion in the purchasing power of money.
And unemployment occurs when a person is able to and willing to work but urrently without work. Unemployment is usually measured using the unemployment rate which is defined as the percentage of those in the labor for who are unemployed. One causes of unemployment is inflation. Over the years there has been a number of economists trying to interpret the relationship between the concepts of inflation and unemployment.
This relationship is also known as the Phillips curve. Phillips curve is an inverse relationship between rate of unemployment and rate of increase in money wages.
The higher the rate of unemployment, the lower the rate of wage inflation. In other words, there is a radeoff between wage inflation and unemployment lead to a problem that individual do such a thing Just to endure it. It means that if you are unemployed you will do anything to earn and to survive for everyday living. For this, some people tend to commit crimes especially crime against property. It is a common observation of many countries that unemployment rates and all crime rates are positively associated but negatively in the wage inflation.
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Crime and Hand Unemployment Rate. (2018, Oct 02). Retrieved from https://studymoose.com/crime-and-hand-unemployment-rate-essay