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dc.contributor.authorGrant, Charlesen_US
dc.contributor.authorKoeniger, Winfrieden_US
dc.date.accessioned2006-01-31en_US
dc.date.accessioned2010-07-07T09:12:25Z-
dc.date.available2010-07-07T09:12:25Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/33518-
dc.description.abstractBoth personal bankruptcy and redistributive taxes can insure households' consumption risk and both vary considerably across US states. We derive sufficient conditions under which more redistributive taxation makes bankruptcy exemptions less attractive both for the intratemporal insurance and for inter-temporal consumption smoothing. Exploiting data variation over time for 18 US states 1980-2003, we find considerable support for our model's predictions: (i) redistributive taxation and bankruptcy exemptions are negatively correlated; (ii) both policies are associated with more equal consumption growth whereas the effect on unsecured household debt is less clear-cut.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 1805en_US
dc.subject.jelE21en_US
dc.subject.jelE61en_US
dc.subject.jelG18en_US
dc.subject.ddc330en_US
dc.subject.keywordpersonal bankruptcyen_US
dc.subject.keywordconsumer crediten_US
dc.subject.keywordredistributive taxes and transfersen_US
dc.subject.stwEinkommensumverteilungen_US
dc.subject.stwPrivatinsolvenzen_US
dc.subject.stwLändersteueren_US
dc.subject.stwInsolvenzrechten_US
dc.subject.stwUSAen_US
dc.titleRedistributive taxation and personal bankruptcy in US statesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn503255068en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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