The paper investigates the effect of local economic conditions on crime. The study focuses on Italy�s local labor … markets and analyzes the short-term response of crime to the severe slump of 2007-2009. It shows that the downturn led to a …-worker contractual arrangements) had a role in slowing down the effect of the economy on crime; ii) the link between the downturn and …

This paper analyzes the relationship between the terms on bank loans and local crime rates, employing a sample of over … crime rate is higher borrowers pay higher interest rates, pledge more collateral, and resort less to asset-backed loans and … more to revolving credit lines than borrowers in low-crime areas. The evidence also suggests that access to credit is …

In this paper we examine the empirical relationship between immigration and crime across Italian provinces during the … correlated with the incidence of property crimes and with the overall crime rate. We then use instrumental variables based on … types of crime. Since robberies represent a very small fraction of all criminal offences, the effect on the overall crime …

Organized crime is widely regarded as damaging to the economy, to say nothing of people�s lives. Yet little is known … about the mechanism at work. This paper helps fill the gap by analyzing the impact of organized crime on the allocation of … whether organized crime diverts public funding. We exploit exogenous variations at the level of municipalities to instrument …

crime. The synthetic control is a weighted average of other regions less affected by mafia activity that mimics the economic … structure and outcomes of the regions of interest several years before the advent of organized crime. The comparison of actual …