@TechReport{iza:izadps:dp8619,
            	author={Aoki, Yu},
            	title={More Schooling, Less Youth Crime? Learning from an Earthquake in Japan},
            	year={2014},
	month={Nov},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={8619},
            	url={https://www.iza.org/publications/dp8619},
	abstract={This paper aims to identify the causal effect of schooling on youth crime. To identify the causal effect, I use the policy interventions that occurred after the Kobe earthquake that hit Japan in 1995 as a natural experiment inducing exogenous variation in schooling. Based on a comparison of the arrest rates between municipalities exposed to similar degrees of earthquake damage but with and without the policy interventions, I find that a higher high school participation rate reduces juvenile arrest rates for violent crime but not for property crime. The estimates of social benefits show that it is less expensive to reach a target level of social benefits by improving schooling than by strengthening the police force.},
	keywords={schooling;youth crime;social externality},
            }