Consumer bankruptcy and financial health
W Dobbie, P Goldsmith-Pinkham… - Review of Economics and …, 2017 - direct.mit.edu
Review of Economics and Statistics, 2017•direct.mit.edu
This paper estimates the effect of Chapter 13 bankruptcy protection on financial health using
a new data set linking bankruptcy filings to credit bureau records. Our empirical strategy
uses the leniency of randomly assigned judges as an instrument for Chapter 13 protection.
We find that Chapter 13 protection decreases an index measuring adverse financial events
such as civil judgments and repossessions by 0.323 standard deviations and increases the
probability of being a homeowner by 13.2 percentage points. Chapter 13 protection has little …
a new data set linking bankruptcy filings to credit bureau records. Our empirical strategy
uses the leniency of randomly assigned judges as an instrument for Chapter 13 protection.
We find that Chapter 13 protection decreases an index measuring adverse financial events
such as civil judgments and repossessions by 0.323 standard deviations and increases the
probability of being a homeowner by 13.2 percentage points. Chapter 13 protection has little …
Abstract
This paper estimates the effect of Chapter 13 bankruptcy protection on financial health using a new data set linking bankruptcy filings to credit bureau records. Our empirical strategy uses the leniency of randomly assigned judges as an instrument for Chapter 13 protection. We find that Chapter 13 protection decreases an index measuring adverse financial events such as civil judgments and repossessions by 0.323 standard deviations and increases the probability of being a homeowner by 13.2 percentage points. Chapter 13 protection has little impact on open unsecured debt but decreases the amount of debt in collections by $1,333.
MIT Press以上显示的是最相近的搜索结果。 查看全部搜索结果