00000nam a22000004a 4500 UP-1686042739785108772 Buklod 20240729153217.0 m |o d | cr ||||||||||| 240729s2023 xxu r |||| u|eng d DECON rda eng LG 993.5 2023 E2 S23 Sabino II, Robert Dennis E. author. The link between the adjusted misery index and crime in the Philippines Robert Dennis E. Sabino II; Adrian R. Mendoza, thesis adviser. Quezon City School of Economics, University of the Philippines Diliman 2023. 39 leaves 28 cm text rdacontent txt unmediated rdamedia n volume rdacarrier nc Thesis (BS Economics) - - University of the Philippines Diliman March 2023. This study analyzes the relationship between the adjusted misery index and crime rate in the Philippines from 1978 to 2008. The adjusted misery index is an extension of Okun’s [1970] original indicator, which combined inflation and unemployment rate to measure general economic well being. In this study, we add underemployment rate to the original misery index to more accurately capture the labor market conditions in the country. We adopt the Cantor-Land [1985] model to determine the relationship between the misery index and crime rate. According to the model, macroeconomic conditions affect crime via two contrasting effects: the motivational and opportunity effects. Worsening economic conditions may motivate more individuals to commit crime to maintain their standard of living. In contrast, the opportunity effect argues that unemployed individuals spend more time at home, which reduces their vulnerability to commit crime or be victims of crime. We use Johansen cointegration analysis and the vector error correction model (VECM) to identify the short-run and long-run dynamics between the adjusted misery index and crime rate in the Philippines. Our results suggest both short-run and long-run causal links from the adjusted misery index to crime. In particular, the adjusted misery index has a positive effect on crime rate in the Philippines, suggesting a stronger motivational than opportunity effect. The policy implication is non-trivial: if macroeconomic performance is a significant determinant of crime rates, then improving macroeconomic conditions may be used to reduce criminal activities in the country. Unemployment and crime Philippines. Mendoza, Adrian R. adviser. Thesis FI UP UPD DECON LG 993.5 2023 E2 S23 Thesis