Code for: Job Loss, Credit and Crime in Colombia

Principal Investigator(s): View help for Principal Investigator(s) Gaurav Khanna, University of California-San Diego; Carlos Medina, Banco de la Republica de Colombia; Christian Posso , Banco de la Republica de Colombia; Anant Nyshadham, University of Michigan; Jorge Tamayo, Harvard University. Harvard Business School

Version: View help for Version V1

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Main Do files			07/18/2020 04:48:AM
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Project Citation:

Khanna, Gaurav, Medina, Carlos , Posso , Christian , Nyshadham, Anant , and Tamayo, Jorge . Code for: Job Loss, Credit and Crime in Colombia. Nashville, TN: American Economic Association [publisher], 2021. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-02-18. https://doi.org/10.3886/E119121V1

Project Description

Summary: We investigate the effects of job displacement, as a result of mass-layoffs, on criminal arrests using a matched employer-employee-crime dataset from Medell\'in, Colombia. Job displacement leads to immediate and persistent earnings losses, and higher probability of arrest for both the displaced worker and family members. Leveraging a banking policy-reform, we find that greater access to credit attenuates the criminal response to job loss. Impacts on arrests are pronounced for property crimes and among younger men for whom opportunities in criminal enterprises are prevalent. Taken together, our results are consistent with economic incentives contributing to criminal participation decisions after job losses.

Scope of Project

JEL Classification:
      J63 Labor Turnover; Vacancies; Layoffs
      J65 Unemployment Insurance; Severance Pay; Plant Closings
      K42 Illegal Behavior and the Enforcement of Law

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Published Versions

V1 [2021-02-18]

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