djcb comments on Crime and punishment - Less Wrong
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Then again, there are more not-so-rich people than rich people. To weigh the ''socio-economic inequality" argument it needs to be shown how criminality correlates with wealth.
(Note that 'socio-economic inequality' is a rather imprecise term here -- it seems that what is meant is something like 'poverty induces crime')
It can be easily shown how criminality correlates with inequality directly. Let's for example compare the homicide rates (per 100 thousand inhabitatnts per year) in 15 most equal and 15 most inequal countries in the world (measured by Gini index):
Most equal (Gini between 24.7 and 29.2)
Most inequal (Gini between 74.3 and 53.8)
The data are from Wikipedia. There may be some caveats (e.g. some countries include attempted murders in the count while others don't), but the overall correlation is easily visible.
In rich countries, there are strong correlations between income inequality and imprisonment rates (graph), and between income inequality and homicide rates (graph). As for selection bias, the authors of the graphs took the 50 richest countries over population 3 million for which data was available. Data sources here.