TY  - BOOK
AU  - Grant,Charles
AU  - Koeniger,Winfried
TI  - Redistributive taxation and personal bankruptcy in U.S. States
SN  - 00222186
AV  - HB73 JOU 
PY  - 2009///
CY  - Chicago
PB  - University of Chicago Press
KW  - Bankruptcy exemptions
KW  - Consumer bankruptcy
KW  - Consumption taxes
KW  - Homestead exemption
KW  - Income taxes
KW  - Insurance policies
KW  - Personal bankruptcy
KW  - State income tax
KW  - Tax exemptions
N2  - Personal bankruptcy regulation and redistributive taxes and transfers vary considerably across U.S. states and over time. Our hypothesis is that both policies are imperfect substitutes in insuring consumption of risk‐averse agents in incomplete markets. Exploiting data variation over time for 18 U.S. states for the period 1980-2003, we find considerable support for this hypothesis: redistributive taxation and bankruptcy exemptions are negatively correlated, and both policies are associated with more equal consumption growth
UR  - https://doi.org/10.1086/591477
ER  -