| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22711 |
| 来源ID | Working Paper 22711 |
| Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports | |
| Will Dobbie; Paul Goldsmith-Pinkham; Neale Mahoney; Jae Song | |
| 发表日期 | 2016-10-10 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Credit reports are used in nearly all consumer lending decisions and, increasingly, in hiring decisions in the labor market, but the impact of a bad credit report is largely unknown. We study the effects of credit reports on financial and labor market outcomes using a difference-in-differences research design that compares changes in outcomes over time for Chapter 13 filers, whose personal bankruptcy flags are removed from credit reports after 7 years, to changes for Chapter 7 filers, whose personal bankruptcy flags are removed from credit reports after 10 years. Using credit bureau data, we show that the removal of a Chapter 13 bankruptcy flag leads to a large increase in credit scores, and an economically significant increase in credit card balances and mortgage borrowing. We study labor market effects using administrative tax records linked to personal bankruptcy records. In sharp contrast to the credit market effects, we estimate a precise zero effect of flag removal on employment and earnings outcomes. We conclude that credit reports are important for credit market outcomes, where they are the primary source of information used to screen applicants, but are of limited consequence for labor market outcomes, where employers rely on a much broader set of screening mechanisms. |
| 主题 | Financial Economics ; Financial Institutions ; Labor Economics ; Labor Supply and Demand ; Labor Compensation ; Labor Discrimination ; Other ; Law and Economics |
| URL | https://www.nber.org/papers/w22711 |
| 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/580385 |
| 推荐引用方式 GB/T 7714 | Will Dobbie,Paul Goldsmith-Pinkham,Neale Mahoney,et al. Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports. 2016. |
| 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 | ||
| w22711.pdf（607KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
