If ten different factors caused the decline in crime, that would require that ten different things suddenly changed direction, all at the same time in 1994. That’s a pretty big coincidence. . .we should give some credibility penalty to a story with ten factors.
I do not buy this argument. I do not think that one should automatically penalize a study more for claiming that there are ten factors rather than one prominent factor.
My view would be that when there is a lot of causal density, one should be skeptical of any study that claims to have the answer, whether the answer consists of one factor or many. Take as an example the financial crisis of 2008. There are many plausible causal factors. Should we prefer a study that attributes the crisis entirely to one factor rather than a study that attributes it to a combination of factors? I think not. Instead, given the non-experimental nature of the problem, I think we need to accept the fact that we will have to live with some uncertainty about what exactly caused the crisis.
For a phenomenon that is amenable to replicable experiments, it may be possible to obtain evidence against causal density and in favor of an explanation based on one or two factors. But not for something like the drop in crime over the past two decades.