TY - BOOK AU - Finlay,Keith AU - Gross,Matthew AU - Lieberman,Carl AU - Luh,Elizabeth AU - Mueller-Smith,Michael G. ED - National Bureau of Economic Research. TI - The Impact of Criminal Financial Sanctions: A Multi-State Analysis of Survey and Administrative Data T2 - NBER working paper series PY - 2023/// CY - Cambridge, Mass. PB - National Bureau of Economic Research KW - State and Local Budget and Expenditures KW - jelc KW - Human Capital • Skills • Occupational Choice • Labor Productivity KW - Illegal Behavior and the Enforcement of Law N1 - August 2023; Hardcopy version available to institutional subscribers N2 - We estimate the impact of financial sanctions in the U.S. criminal justice system using nine distinct natural experiments across five states. These regression discontinuity designs capture a range of enforcement levels ($17-$6,000) and institutional environments, providing robust causal evidence and external validity. We leverage survey and administrative data to consider a variety of short and long-term outcomes including employment, recidivism, household expenditures, spousal spillovers, and other self-reported measures of well-being. We find consistent, robust evidence of precise null effects on the population, including ruling out long-run impacts larger than -$347-$168 in annual earnings and -0.002-0.01 in annual convictions UR - https://www.nber.org/papers/w31581 UR - http://dx.doi.org/10.3386/w31581 ER -