We empirically establish that unemployed individuals maintain significant access to credit
and that upon a layoff, the unconstrained borrow while the constrained default and delever …

Since the 2000s, economists across fields have increasingly used consumer credit reporting
data for research. We introduce readers to the economics of and the institutional details of …

Using bankruptcy filing information for parents matched to administrative data on their
children and leniency of the randomly assigned judges as an instrument, we document the …

Intergenerational mobility refers to the ability of individuals to move up or down the social
and economic ladder relative to their parents' position. It is a critical aspect of social justice …

The purpose of this study is to analyze the key factors of socioeconomic, psychological
behavioral, and credit card practices that contribute to credit card debt accumulation among …

This paper examines the role of information frictions in shaping parental beliefs over child
development and intergenerational mobility by incorporating social learning into a …

This paper investigates the role of liquidity constraints in shaping loan term choices within
the auto loan market, a major component of household debt in the United States. I address …

We show that unemployed individuals maintain significant access to credit. Following job
loss, the unconstrained borrow, while the constrained default and delever. Both defaulters …