Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates
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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
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美国国家经济研究局创建时间：
2012-02-01
