Debt Relief and Debtor Outcomes: Measuring the Effects of Consumer Bankruptcy Protection
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- Will Dobbie
- Industrial Relations Section, Princeton University, Firestone Library, Princeton, NJ 08544 (e-mail: )
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- Jae Song
- Social Security Administration, One Skyline Tower, 5107 Leesburg Pike, Falls Church, VA 22041 (e-mail: )
書誌事項
- 公開日
- 2015-03-01
- DOI
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- 10.1257/aer.20130612
- 公開者
- American Economic Association
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説明
<jats:p>Consumer bankruptcy is one of the largest social insurance programs in the United States, but little is known about its impact on debtors. We use 500,000 bankruptcy filings matched to administrative tax and foreclosure data to estimate the impact of Chapter 13 bankruptcy protection on subsequent outcomes. Exploiting the random assignment of bankruptcy filings to judges, we find that Chapter 13 protection increases annual earnings by $5,562, decreases five-year mortality by 1.2 percentage points, and decreases five-year foreclo-sure rates by 19.1 percentage points. These results come primarily from the deterioration of outcomes among dismissed filers, not gains by granted filers. (JEL D14, I12, J22, J31, K35)</jats:p>
収録刊行物
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- American Economic Review
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American Economic Review 105 (3), 1272-1311, 2015-03-01
American Economic Association