Job Loss, Credit, and Crime in Colombia

被引：13

作者：

Khanna, Gaurav ^{[1
]}

Medina, Carlos ^{[2
]}

Nyshadham, Anant ^{[3
,4
]}

Posso, Christian ^{[2
]}

Tamayo, Jorge ^{[5
]}

机构：

[1] Univ Calif San Diego, La Jolla, CA 92093 USA

[2] Banco Republ Colombia, Bogota, Colombia

[3] Univ Michigan, Ann Arbor, MI 48109 USA

[4] NBER, Cambridge, MA 02138 USA

[5] Harvard Univ, Harvard Business Sch, Cambridge, MA 02138 USA

来源：

AMERICAN ECONOMIC REVIEW-INSIGHTS | 2021年 / 3卷 / 01期

关键词：

EARNINGS LOSSES; LABOR-MARKET; DISPLACEMENT; COMPETITION; CAREER; SHOCKS; WAGES;

D O I：

10.1257/aeri.20190547

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate the effects of job displacement, as a result of mass layoffs, on criminal arrests using a matched employer-employee crime dataset from Medellin, 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.

引用

页码：97 / 114

页数：18

共 68 条

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