| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26808 |
| 来源ID | Working Paper 26808 |
| What Determines Consumer Financial Distress? Place- and Person-Based Factors | |
| Benjamin J. Keys; Neale Mahoney; Hanbin Yang | |
| 发表日期 | 2020-03-02 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We use credit report data to study consumer financial distress in America. We show there are large, persistent disparities in financial distress across regions. To understand these patterns, we conduct a “movers” analysis. For collections and default, there is only weak convergence following a move, suggesting these types of distress are not primarily caused by place-based factors (e.g., local economic conditions and state laws) but instead reflect person-based characteristics (e.g., financial literacy and risk preferences). In contrast, for personal bankruptcy, we find a sizable place-based effect, which is consistent with anecdotal evidence on how local legal factors influence personal bankruptcy. |
| 主题 | Financial Economics ; Other ; Law and Economics |
| URL | https://www.nber.org/papers/w26808 |
| 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/584480 |
| 推荐引用方式 GB/T 7714 | Benjamin J. Keys,Neale Mahoney,Hanbin Yang. What Determines Consumer Financial Distress? Place- and Person-Based Factors. 2020. |
| 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 | ||
| w26808.pdf（2017KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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