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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w17807 |
来源ID | Working Paper 17807 |
Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates | |
Tal Gross; Matthew J. Notowidigdo; Jialan Wang | |
发表日期 | 2012-02-02 |
出版年 | 2012 |
语种 | 英语 |
摘要 | This paper estimates the extent to which legal fees prevent liquidity-constrained households from declaring bankruptcy. To do so, it studies how the 2001 and 2008 tax rebates affected consumer bankruptcy filings. We exploit the randomized timing of the rebate checks and estimate that the rebates caused a significant, short-run increase in consumer bankruptcies in both years, with larger effects in 2008 when the rebates were more generous and more widely distributed. Using hand-collected data from individual bankruptcy petitions, we document that the rebates caused an increase in the average liabilities and the liabilities-to-income ratios of filers. |
主题 | Public Economics ; Taxation ; Other ; Law and Economics |
URL | https://www.nber.org/papers/w17807 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575482 |
推荐引用方式 GB/T 7714 | Tal Gross,Matthew J. Notowidigdo,Jialan Wang. Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates. 2012. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w17807.pdf(1148KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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