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022 _a00222186
040 _aMSU
_bEnglish
_cMSU
_erda
050 0 0 _aHB73 JOU
100 1 _aGrant, Charles
_eauthor
245 1 0 _aRedistributive taxation and personal bankruptcy in U.S. States/
_ccreated by Charles Grant and Winfried Koeniger
264 1 _aChicago :
_bUniversity of Chicago Press,
_c2009.
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aJournal of Law and Economics
_vVolume 52, number 3
520 _aPersonal 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 riskā€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
650 _aBankruptcy exemptions
_vConsumer bankruptcy
_xConsumption taxes
650 _aHomestead exemption
_vIncome taxes
_xInsurance policies
650 _aPersonal bankruptcy
_vState income tax
_xTax exemptions
700 1 _aKoeniger, Winfried
_eco author
856 _uhttps://doi.org/10.1086/591477
942 _2lcc
_cJA
999 _c164252
_d164252