NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Job Loss, Credit and Crime in Colombia

Gaurav Khanna, Carlos Medina, Anant Nyshadham, Christian Posso, Jorge A. Tamayo

NBER Working Paper No. 26313
Issued in September 2019
NBER Program(s):Development Economics Program, Labor Studies Program

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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Document Object Identifier (DOI): 10.3386/w26313

 
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