How do Bondsmen benefit society?
As the debate over public versus private bail bond enforcement wages on, it is important to examine the evidence presented to determine the impact that bond enforcement has on society. In an article by Eric Helland and Alexander Tabarrok entitled, “Public versus Private Law Enforcement: Evidence from Bail Jumping,” the authors explore the efficiency of bail bondsmen over public bond enforcement or release on their own recognizance. Helland and Tabarrok compile failure to appear rates (FTAs), and they then compare the rates of surety bonds, which are those bonds that employ the use of a bail bondsmen, to public bonds, or those released on their own recognizance. Helland and Tabarrok affirm that bail bondsmen provide over a 50% decrease in FTAs as compared to release on their own recognizance. This evidence declares the efficacy of bail bondsmen over release on their own recognizance. [Read more →]