Devika Hazra

California State University, Los Angeles | CSULA · Department of Economics and Statistics

In this paper, I study the impact of establishing a centralized emergency response system (CERS) in a developing country on atrocities towards historically disadvantaged minorities. To answer this question, I exploit the staggered implementation of CERS between 2013 and 2018 in several states in India to estimate its impact on caste-based crimes. R...

Income and wealth inequality have been a persistent and growing problem in the state of California over the last 40 years. This report focuses on the role of economic recessions—primarily the 2008 Great Recession and the 2020 COVID-19 Recession—on income and wealth inequality with particular attention to their impacts on housing access and affordab...

This paper examines whether the impact of monetary policy on welfare is altered when labor skill heterogeneity is incorporated in a limited participation framework. By endogenizing labor-leisure decisions and including labor heterogeneity, we find that not only is there a risky component to the income of financial market participants, but the wage...

As federal, state and local governments continue to allocate a significant share of their resources to law enforcement and correctional spending, concerns have risen that spending in education and welfare is declining. With fiscal pressure in the United States mounting, it is important to determine the effectiveness of public spending in deterring...

With crimes in India rising exponentially in the last decade, particularly violence against women, several states have launched a centralized emergency response system, between 2012 and 2018, to reduce the time taken by law enforcement to respond to calls for service. Exploiting this staggered timing, I use a generalized difference-in-difference ap...

With wildfire-risk rising globally, the role of home insurance continues to remain under-studied in the search for mechanisms to mitigate loss from wildfire. This study investigates whether insurance policies effectively discourage homeownership in fire-prone zones. Using zip-code level data from Los Angeles between 2011 and 2018, we employ linear...

Purpose Using data from 2009–2016 across 31 states and union territories, this paper investigates determinants of juvenile delinquency in India as well as explores the nature of the complex relationship between economic variables and crime rate. Design/methodology/approach The paper employs a panel corrected standard error model due to the presenc...

As federal, state and local governments continue to allocate a significant share of their resources to law enforcement and correctional spending, concerns have risen that spending in education and welfare is declining. With fiscal pressure in the United States mounting, it is important to determine the effectiveness of public spending in deterring...

Purpose: This paper uses data from 2010 to 2016 across 32 states and union territories to investigate the determinants of crime in India. Results indicate the significance of macroeconomic, demographic, socioeconomic and deterrence factors in accounting for various categories of crime. Design/methodology/approach: Due to the evidence of heterosked...

The paper explores the redistributive effects of a monetary policy shock in a limited participation framework with limited credit access. Expansionary monetary policy redistributes consumption from traders to non-traders. This redistribution is the largest when only financial market participants have a choice between multiple means of payments whil...

This paper examines the relationship between crime, inflation, unemployment, and real GDP per capita in India. Based on the national-level data, the Johansen cointegration test confirms the presence of cointegration relationship between the variables. The Toda–Yamamoto Granger causality test suggests that macroeconomic indicators, especially unempl...

This paper captures the trade-offs between alternative payment instruments where each is associated with costs and benefits. Most models of cash-credit choice assume cash is a safe non interest-bearing asset and credit is interest-bearing but costly. Here, I consider the risk of loss from using cash resulting from theft and foregone interest earnin...