Data and Code for: The Economic Consequences of Bankruptcy Reform
收藏ICPSR2021-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/129601/version/V1/view?path=/openicpsr/129601/fcr:versions/V1/Replication-Kit-Revision-to-Submit/_Manuscript.pdf&type=file
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资源简介：
A more generous consumer bankruptcy system provides greater insurance against financial risks but may also raise the cost of credit. We study this trade-off using the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), which increased the costs of filing for bankruptcy. We identify the effects of BAPCPA on borrowing costs using variation in the effects of the reform across credit scores. We find that a one-percentage-point reduction in bankruptcy-filing risk decreased credit-card interest rates by 70--90 basis points. Conversely, BAPCPA reduced the insurance value of bankruptcy, with uninsured hospitalizations 70 percent less likely to obtain bankruptcy relief after the reform.<br>
提供机构：
Boston University; Consumer Financial Protection Bureau; University of Chicago; University of Illinois at Urbana-Champaign; Harvard University
创建时间：
2021-01-01
