Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/33518 
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dc.contributor.authorGrant, Charlesen
dc.contributor.authorKoeniger, Winfrieden
dc.date.accessioned2006-01-31-
dc.date.accessioned2010-07-07T09:12:25Z-
dc.date.available2010-07-07T09:12:25Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1805en
dc.subject.jelE21en
dc.subject.jelE61en
dc.subject.jelG18en
dc.subject.ddc330en
dc.subject.keywordpersonal bankruptcyen
dc.subject.keywordconsumer crediten
dc.subject.keywordredistributive taxes and transfersen
dc.subject.stwEinkommensumverteilungen
dc.subject.stwPrivatinsolvenzen
dc.subject.stwLändersteueren
dc.subject.stwInsolvenzrechten
dc.subject.stwUSAen
dc.titleRedistributive taxation and personal bankruptcy in US states-
dc.type|aWorking Paperen
dc.identifier.ppn503255068en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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