Monday, January 14, 2008

El Mercado de la Prostitucion

"A prostitute is more likely to have sex with a police officer than to get officially arrested by one."
El dato es extraido de este paper de Steven D. Levitt and Sudhir Alladi Venkatesh. Otras conclusiones son:
"Street prostitutes earn roughly $25-$30 per hour, roughly four times their hourly wage in other activities, but this higher wage represents relatively meager compensation for the significant risk they bear.

Condoms are used only one-fourth of the time and the price premium for unprotected sex is small.

Although technically illegal, punishments are minimal for prostitutes and johns.

We estimate that there are 4,400 street prostitutes active in Chicago in an average week."
HT to Tyler Cowen at Marginal Revolution.

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