The effect of Ponzi schemes on crime : Evidence from the colombian case

This paper estimates the impact of a massive negative income shock led by the simultaneous crash down of several Ponzi schemes (also known as financial ``pyramids"") in Colombia on crime rates at the municipal level. Using novel data on the spatial incidence of the latest wave of Colombian...

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Autor Principal: Santamaria Bonilla, Julieth Andrea
Otros Autores: Vargas, Juan F.
Formato: Tesis de maestría (Master Thesis)
Lenguaje:Español (Spanish)
Publicado: Universidad del Rosario 2011
Materias:
Acceso en línea:http://repository.urosario.edu.co/handle/10336/2584
id ir-10336-2584
recordtype dspace
spelling ir-10336-25842019-09-19T12:37:01Z The effect of Ponzi schemes on crime : Evidence from the colombian case Santamaria Bonilla, Julieth Andrea Vargas, Juan F. Cortes, Darwin Crisis de ingresos Esquemas Ponzi (pirámides) Delitos económicos::investigaciones Delitos económicos::Aspectos sociales Delitos económicos::Aspectos jurídicos Economía::Investigaciones Fraude::Aspectos económicos Rentas::Investigaciones Ponzi Schemes (Pyramids) Income shocks Crime This paper estimates the impact of a massive negative income shock led by the simultaneous crash down of several Ponzi schemes (also known as financial ``pyramids"") in Colombia on crime rates at the municipal level. Using novel data on the spatial incidence of the latest wave of Colombian pyramids and their crash down date, I estimate difference-in-differences models with both monthly and yearly frequency. I find that the negative income shock of the pyramids" crash down differentially exacerbates crime in affected municipalities compared to those with no presence of Ponzi schemes. This is true for minor offenses like commercial theft or residential burglary, but not for major crimes as murder or terrorism. This paper estimates the impact of a massive negative income shock led by the simultaneous crash down of several Ponzi schemes (also known as financial ``pyramids"") in Colombia on crime rates at the municipal level. Using novel data on the spatial incidence of the latest wave of Colombian pyramids and their crash down date, I estimate difference-in-differences models with both monthly and yearly frequency. I find that the negative income shock of the pyramids" crash down differentially exacerbates crime in affected municipalities compared to those with no presence of Ponzi schemes. This is true for minor offenses like commercial theft or residential burglary, but not for major crimes as murder or terrorism. 2011-08-30 2011-10-03T20:33:52Z info:eu-repo/semantics/masterThesis info:eu-repo/semantics/acceptedVersion TMEC 0007 2011 http://repository.urosario.edu.co/handle/10336/2584 spa http://creativecommons.org/licenses/by-nc-nd/2.5/co/ info:eu-repo/semantics/closedAccess application/pdf Universidad del Rosario Maestría en Economía Facultad de Economía instname:Universidad del Rosario reponame:Repositorio Institucional EdocUR
institution EdocUR - Universidad del Rosario
collection DSpace
language Español (Spanish)
topic Crisis de ingresos
Esquemas Ponzi (pirámides)
Delitos económicos::investigaciones
Delitos económicos::Aspectos sociales
Delitos económicos::Aspectos jurídicos
Economía::Investigaciones
Fraude::Aspectos económicos
Rentas::Investigaciones
Ponzi Schemes (Pyramids)
Income shocks
Crime
spellingShingle Crisis de ingresos
Esquemas Ponzi (pirámides)
Delitos económicos::investigaciones
Delitos económicos::Aspectos sociales
Delitos económicos::Aspectos jurídicos
Economía::Investigaciones
Fraude::Aspectos económicos
Rentas::Investigaciones
Ponzi Schemes (Pyramids)
Income shocks
Crime
Santamaria Bonilla, Julieth Andrea
The effect of Ponzi schemes on crime : Evidence from the colombian case
description This paper estimates the impact of a massive negative income shock led by the simultaneous crash down of several Ponzi schemes (also known as financial ``pyramids"") in Colombia on crime rates at the municipal level. Using novel data on the spatial incidence of the latest wave of Colombian pyramids and their crash down date, I estimate difference-in-differences models with both monthly and yearly frequency. I find that the negative income shock of the pyramids" crash down differentially exacerbates crime in affected municipalities compared to those with no presence of Ponzi schemes. This is true for minor offenses like commercial theft or residential burglary, but not for major crimes as murder or terrorism.
author2 Vargas, Juan F.
author_facet Vargas, Juan F.
Santamaria Bonilla, Julieth Andrea
format Tesis de maestría (Master Thesis)
author Santamaria Bonilla, Julieth Andrea
author_sort Santamaria Bonilla, Julieth Andrea
title The effect of Ponzi schemes on crime : Evidence from the colombian case
title_short The effect of Ponzi schemes on crime : Evidence from the colombian case
title_full The effect of Ponzi schemes on crime : Evidence from the colombian case
title_fullStr The effect of Ponzi schemes on crime : Evidence from the colombian case
title_full_unstemmed The effect of Ponzi schemes on crime : Evidence from the colombian case
title_sort effect of ponzi schemes on crime : evidence from the colombian case
publisher Universidad del Rosario
publishDate 2011
url http://repository.urosario.edu.co/handle/10336/2584
_version_ 1645141963195809792
score 12,131701