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The Market for Financial Adviser Misconduct
We document the economywide extent of misconduct among financial advisers and the associated labor market consequences. Seven percent of advisers have misconduct records, and this share reaches more than 15 percent at some of the largest firms. Roughly one-third of advisers with misconduct are repeat offenders. Approximately half of advisers lose their jobs after misconduct. The labor market partially undoes firm-level discipline by rehiring such advisers. Firms that persistently engage in misconduct coexist with firms that have clean records. We show that this phenomenon may be explained by some firms “specializing” in misconduct and catering to unsophisticated consumers.
Journal Article
A dream denied : incarceration, recidivism, and young minority men in America
\"'A Dream Denied' shows how the narrative of American Dream shapes the offending trajectories of twenty-three young Latino and African American men in Boston and Chicago. Believing in the American Dream helps the teenagers to cope with the pains of incarceration. However, without the ability to experience themselves as creative actors, reproducing the rhetoric of American meritocracy leaves the teenagers unprepared to negotiate the complex and frustrating process of desistance and reentry.
Book
Crime scars
Recessions lead to short-term job loss, lower happiness, and decreasing income levels. There is growing evidence that workers who first join the labor market during economic downturns suffer from poor job matches that can have sustained detrimental effects on wages and career progressions. This paper uses U.S. and U.K. data to document a more disturbing long-run effect of recessions: young people who leave school during recessions are significantly more likely to lead a life of crime than those entering a buoyant labor market. Thus, crime scars resulting from higher entry-level unemployment rates prove to be long lasting and substantial.
Journal Article
Generations through prison: lived experiences of intergenerational incarceration
Around one in five prisoners report the previous or current incarceration of a parent. Many such prisoners attest to the long-term negative effects of parental incarceration on one's own sense of self and on the range and quality of opportunities for building a conventional life. And yet, the problem of intergenerational incarceration has received only passing attention from academics, and virtually little if any consideration from policy makers and correctional officials. This book - the first of its kind - offers an in-depth examination of the causes, experiences and consequences of intergenerational incarceration. It draws extensively from surveys and interviews with second-, third-, fourth- and fifth-generation prisoners to explicate the personal, familial and socio-economic contexts typically associated with incarceration across generations. The book examines 1) the emergence of the prison as a dominant if not life-defining institution for some families, 2) the link between intergenerational trauma, crime and intergenerational incarceration, 3) the role of police, courts, and corrections in amplifying or ameliorating such problems, and 4) the possible means for preventing intergenerational incarceration. This is undeniably a book that bears witness to many tragic and traumatic stories. But it is also a work premised on the idea that knowing these stories - knowing that they often resist alignment with pre-conceived ideas about who prisoners are or who they might become - is part and parcel of advancing critical debate and, more importantly, of creating real change. Written in a clear and direct style, this book will appeal to students and scholars in criminology, sociology, cultural studies, social theory and those interested in learning about more about families in prison.
eBook
Dixon and Daughters
A powerful play about family and forgiveness, following a woman after her release from prison. Premiered at the National Theatre.
eBook
Crime and Terror: Examining Criminal Risk Factors for Terrorist Recidivism
Objectives
The number of individuals incarcerated for terrorism offences in the West has grown considerably in recent years. However, unlike the extensive literature on recidivism for ordinary criminal offenders, little is known about recidivism for terrorism offenders. Given that many terrorism offenders are to be released in the coming years, the Israeli case is used to explore possible insights into the recidivist characteristics of terrorism offenders.
Methodology
Using a unique dataset of terrorism offenders from Jerusalem provided by the Israeli Prison Service, proportional hazards regressions were used to assess the risk of terrorism-related recidivism for first-time and repeat terrorism offenders by examining factors related to incarceration history and other background factors known to be relevant for criminal recidivism.
Findings
The recidivism rate of terrorism offenders is higher than that for ordinary criminal offenders but follows similar patterns: sentence length and age upon release reduce risk of recidivism, while affiliation with a terrorist organization significantly increase it. For repeat offenders, recidivism to a new terrorism offense increases with the number of prior terrorism-related incarcerations and decreases with the number of additional incarcerations for regular criminal offences. While marital status affected recidivism of first-timers, it had no significant effect for repeat offenders. The effects of offence type for prior incarcerations were similar in the two analyses.
Conclusions
Many factors, including sentence length, age, and prior terrorist criminal records show similar impacts upon terrorist offenders. However, others have opposing impacts. While prior criminality is a known risk factor for criminal offenders, recidivism of terrorists into further terrorism involvement is inhibited by prior criminal records as opposed to prior records for terrorism. Marital status, generally seen as an inhibitor of criminality increases re-offending for the first offender group. This might be explained by the financial incentives that terrorism offenders and their families receive from the Palestinian Authority.
Journal Article
Assessing Risk Perception over Recidivist Traffic Offenders from a Multi-group Approach: How Gendered Could It Be?
Objetivo: El objetivo principal de este estudio es analizar el papel predictor que juegan las características demográficas, psicosociales y de conducción de los conductores españoles en la percepción del riesgo en comparación con los infractores reincidentes, centrándose en el género como factor clave diferenciador. Método: En este estudio transversal se han analizado datos de una muestra nacional compuesta de 1,711 conductores de las 17 regiones españolas (el 49% mujeres y el 51% hombres), con una media de edad de 40.07 años, que respondieron a una entrevista telefónica sobre temas relacionados con la seguridad vial. Se analizaron comparativamente los factores demográficos, los relativos a la conducción y los psicosociales por medio de pruebas robustas y de modelos multigrupo de ecuaciones estructurales (MGSEM). Resultados: Los resultados de este estudio indican que la edad de los conductores, su exposición al riesgo, su conocimiento de las normas de tráfico, su valoración de la aplicación de la ley y de los programas de reeducación vial, así como el numero de multas de tráfico que han recibido, explican el riesgo que estos perciben en los infractores de tráfico reincidentes. En segundo lugar, en lo que se refiere a las diferencias estructurales, tres de las variables del estudio (la exposición a la conducción, la necesidad de cumplir las normas y los conocimientos de las normas de tráfico) parecen ejercer una influencia diferencial en la percepción del riesgo de acuerdo con el género de los conductores. Conclusión: Los resultados indican que tanto las características psicosociales como las referidas a la conducción predicen la percepción del riesgo de los conductores en relación a los infractores de tráfico reincidentes entre hombres y mujeres conductores. Esta investigación abunda en la necesidad de poner el énfasis en el género para potenciar los procesos de educación en la conducción, reeducación y entrenamiento dirigidos a abordar y prevenir la reincidencia en el campo del tráfico y de la movilidad.
Journal Article
The Driving Factors for Recidivism of Former Terrorism Convicts in Socio-Legal Perspective
The phenomenon of recidivism among former terrorism convicts presents a complex challenge within the socio-legal context. This study aims to explore the driving factors behind the recurrence of terrorism-related offenses among previously incarcerated individuals. By employing a socio-legal perspective, the research examines the interplay of social and legal factors that contribute to the re-engagement of former terrorism convicts in illegal activities. Drawing on existing literature and empirical data, this paper identifies various key factors, including societal stigma, socio-economic struggles, and deficiencies in the legal system. The study underscores the importance of comprehensive policies that address both social and legal dimensions to effectively prevent and address recidivism in the terrorism context. By understanding and addressing these driving factors, policymakers and practitioners can develop more targeted and nuanced interventions to facilitate successful rehabilitation and reintegration while safeguarding national security and promoting social cohesion.
Journal Article
To Alcatraz, Death Row, and Back
When Ernie López was a boy selling newspapers in Depression-era Los Angeles, his father beat him when he failed to bring home the expected eighty to ninety cents a day. When the beatings became unbearable, he took to petty stealing to make up the difference. As his thefts succeeded, Ernie's sense of necessity got tangled up with ambition and adventure. At thirteen, a joyride in a stolen car led to a sentence in California's harshest juvenile reformatory. The system's failure to show any mercy soon propelled López into a cycle of crime and incarceration that resulted in his spending decades in some of America's most notorious prisons, including four and a half years on death row for a murder López insists he did not commit. To Alcatraz, Death Row, and Back is the personal life story of a man who refused to be broken by either an abusive father or an equally abusive criminal justice system. While López freely admits that \"I've been no angel,\" his insider's account of daily life in Alcatraz and San Quentin graphically reveals the violence, arbitrary infliction of excessive punishment, and unending monotony that give rise to gang cultures within the prisons and practically insure that parolees will commit far worse crimes when they return to the streets. Rafael Pérez-Torres discusses how Ernie López's experiences typify the harsher treatment that ethnic and minority suspects often receive in the American criminal justice system, as well as how they reveal the indomitable resilience of Chicanos/as and their culture. As Pérez-Torres concludes, \"López's story presents us with the voice of one who—though subjected to a system meant to destroy his soul—not only endured but survived, and in surviving prevailed.\"
eBook