Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/130311
Authors: 
Di, Wenhua
Millimet, Daniel L.
Year of Publication: 
2016
Series/Report no.: 
IZA Discussion Papers 9622
Abstract: 
The empirical effects of place-based tax incentive schemes designed to aid low income communities are unclear. While a growing number of studies find beneficial effects on employment, there is little investigation into other behaviors of households affected by such programs. We analyze the impact of the Texas Enterprise Zone Program on household debt and delinquency. Specifically, we utilize detailed information on all household liabilities, delinquencies, and credit scores from the Federal Reserve Bank of New York Consumer Credit Panel/Equifax, a quarterly longitudinal 5% random sample of all individuals in the US with a social security number and a credit report. Identification of the causal effect of the program is achieved using a sharp regression discontinuity approach that exploits the known institutional rules of the program.
Subjects: 
enterprise zones
debt
consumer finance
regression discontinuity
JEL: 
C21
G02
H25
H31
Document Type: 
Working Paper

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