Unobserved Heterogeneity Bias when Estimating

the Economic Model of Crime. Todd L. Cherry* December 10, 1997 – submitted to AEL. February 12, 1998 – accepted. Abstract. Using unique and unpublished panel data from selected U.S. cities, this paper investigates the consequences of ignoring unobserved heterogeneity in the unit of observation when estimating the economic model of crime. ................
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