| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28901 |
| 来源ID | Working Paper 28901 |
| Personal Bankruptcy and the Accumulation of Shadow Debt | |
| Bronson Argyle; Benjamin Iverson; Taylor D. Nadauld; Christopher Palmer | |
| 发表日期 | 2021-06-14 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Compiling new liability-level data from the balance sheets of personal bankruptcy filers, we document that a sizable share of reported liabilities are “shadow debt,” debt not reported to credit bureaus that often arises from the non-payment of goods and services. We use this new data to evaluate how debtor cash flows affect when consumers file for bankruptcy and how much debt they have at bankruptcy. We find that filers respond to a quasi-exogenous $100 increase in monthly cash flows by delaying filing by an average of one month and by increasing unsecured indebtedness by $4,000 in the months preceding filing. A large share of the additional debt incurred by delaying filers is shadow debt, and our effects are concentrated among filers without employment, health, or marriage shocks. |
| 主题 | Financial Economics ; Corporate Finance ; Other ; Law and Economics |
| URL | https://www.nber.org/papers/w28901 |
| 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/586575 |
| 推荐引用方式 GB/T 7714 | Bronson Argyle,Benjamin Iverson,Taylor D. Nadauld,et al. Personal Bankruptcy and the Accumulation of Shadow Debt. 2021. |
| 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 | ||
| w28901.pdf（695KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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