NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Christian Manuel Posso-Suárez

Medellín Branch
Banco de la República de Colombia
Calle 50 # 50-21
Piso 2 Medellín
Colombia

E-Mail: cpossosu@banrep.gov.co
Institutional Affiliation: Banco de la República de Colombia

NBER Working Papers and Publications

September 2019Job Loss, Credit and Crime in Colombia
with Gaurav Khanna, Carlos Medina, Anant Nyshadham, Jorge A. Tamayo: w26313
We investigate the effects of job displacement, as a result of mass-layoffs, on criminal arrests using a novel matched employer-employee-crime dataset in Medellín, Colombia. Job displacement leads to immediate earnings losses, and an increased likelihood of being arrested for both the displaced worker and for other youth in the family. We leverage variation in opportunities for legitimate reemployment and access to consumption credit to investigate the mechanisms underlying this job loss-crime relationship. Workers in booming sectors with more opportunities for legitimate reemployment exhibit smaller increases in arrests after job losses. Greater exposure to expansions in consumption credit also lowers the job loss-crime elasticity.
 
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