Search Results
Title: Three Essays on Labor and Credit Markets
Resulting in 1 citation.
| 1. |
Keys, Benjamin J. |
|
Three Essays on Labor and Credit Markets Ph.D. Dissertation, Department of Economics, University of Michigan, 2009 Cohort(s): NLSY79 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Bankruptcy; Displaced Workers; Geocoded Data; Income Dynamics/Shocks Permission to reprint the abstract has not been received from the publisher. The first paper demonstrates the important role of job displacement in the household bankruptcy decision. Consistent with predicted filing behavior under persistent income shocks, I find that households in the NLSY are four times more likely to file in the year following job loss, with a smaller but significant response persisting two to three years. Aggregate patterns are also consistent with the model: At the county level, 1000 job losses are associated with 8-11 bankruptcies, the effects also last two to three years, and manufacturing job loss is more likely to induce bankruptcy than non-manufacturing job loss. The results suggest that providing credit counseling to vulnerable households at the time of displacement may be more effective than providing it at the time of bankruptcy. |
|
|
Bibliography Citation
Keys, Benjamin J. Three Essays on Labor and Credit Markets. Ph.D. Dissertation, Department of Economics, University of Michigan, 2009. |