Michael On Everything Else

If Your Job Can Be Legalized

An interesting, unintended consequence of legalization: increased recidivism.

The increased recidivism is largely driven by a substitution to the trafficking of other drugs, which is consistent with a Becker-style model where individuals develop human capital specific to the drug industry.


I think that there should be some form of retraining program offered in parallel with legalization. I would be in favor of some tax-payer supported vocational program to help retrain former dealers so they can continue to make a living.