The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Personal Bankruptcy and Credit Supply and Demand
Abstract
This paper examines how personal bankruptcy and bankruptcy exemptions affect the supply and demand for credit. While generous state-level bankruptcy exemptions are probably viewed by most policy-makers as benefiting less-well-off borrowers, our results using data from the 1983 Survey of Consumer Finances suggest that they increase the amount of credit held by high-asset households and reduce the availability and amount of credit to low-asset households, conditioning on observable characteristics. Thus, bankruptcy exemptions redistribute credit toward borrowers with high assets. Interest rates on automobile loans for low-asset households also appear to be higher in high exemption states.
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Citations
Cites
Secured Lending and Default Risk: Equilibrium Analysis, Policy Implications and Empirical Results
Boot, A. W. A., Thakor, A. V., & Udell, G. F. (1991) · The Economic Journal · doi:10.2307/2233552 · Cited by 512
Cited by
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Does Local Financial Development Matter?
Guiso, L., Sapienza, P., & Zingales, L. (2004) · The Quarterly Journal of Economics · doi:10.1162/0033553041502162 · Cited by 1,084
The nature of credit constraints and human capital
Lochner, L. J., & Monge-Naranjo, A. (2011) · American Economic Review · doi:10.1257/aer.101.6.2487 · Cited by 347
International Comparative Household Finance
Badarinza, C., Campbell, J. Y., & Ramadorai, T. (2016) · Annual Review of Economics · doi:10.1146/annurev-economics-080315-015425 · Cited by 218
Does Local Financial Development Matter?
Guiso, L., Sapienza, P., & Zingales, L. (2002) · doi:10.3386/w8923 · Cited by 137
Metadata
- Authors
- Gropp, R., Scholz, J. K., & White, M. J.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 1997-02-01
- Volume
- 112
- Issue
- 1
- Pages
- 217-251
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W2147424500
- Cited by
- 459
- References
- 1
- FWCI
- 60.60
- Type
- journal article
- Language
- en
- Open access
- closed
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- Gropp, R., Scholz, J. K., & White, M. J. (1997). Personal Bankruptcy and Credit Supply and Demand. The Quarterly Journal of Economics. https://doi.org/10.1162/003355397555172
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
