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Title: The Credit Market Consequences of Job Displacement
Resulting in 1 citation.
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Keys, Benjamin J. |
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The Credit Market Consequences of Job Displacement Review of Economics and Statistics 100,3 (July 2018): 405-415. Also: https://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00709 Cohort(s): NLSY79 Publisher: MIT Press Keyword(s): Bankruptcy; Credit/Credit Constraint; Displaced Workers; Geocoded Data; Unemployment This paper studies the role of job displacement in the household bankruptcy decision. Using an event-study methodology, I find that NLSY respondents are over three times more likely to file for bankruptcy immediately following a job loss. Using county-level data, I find similar magnitudes in the aggregate, with significant effects lasting two to three years. In addition, the loss of a manufacturing job, a proxy for a more persistent separation, is 40 percent more likely to lead to bankruptcy. The results suggest that unemployment spells can have significant long-term consequences on households' credit market outcomes. |
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Bibliography Citation
Keys, Benjamin J. "The Credit Market Consequences of Job Displacement." Review of Economics and Statistics 100,3 (July 2018): 405-415.
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