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What Does (Formal) Health Insurance Do, and For Whom?
Finkelstein, Amy - 2017
Health insurance confers benefits to the previously uninsured, including improvements in health, reductions in out …, health insurance also provides substantial transfers to non-recipient parties who would otherwise bear the costs of providing …-subsidized public health insurance and the evidence that many recipients value formal health insurance at substantially less than the …
Persistent link: https://www.econbiz.de/10012453993
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Debt Moratoria : Evidence from Student Loan Forbearance
Dinerstein, Michael; Yannelis, Constantine; Chen, Ching-Tse - National Bureau of Economic Research - 2023
We evaluate the effects of the 2020 student debt moratorium that paused payments for student loan borrowers. Using administrative credit panel data, we show that the payment pause led to a sharp drop in student loan payments and delinquencies for borrowers subject to the debt moratorium, as well...
Persistent link: https://www.econbiz.de/10014287348
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Waivers for the Public Service Loan Forgiveness Program : Who Would Benefit from Takeup?
Briones, Diego A.; Ruby, Nathaniel; Turner, Sarah E. - National Bureau of Economic Research - 2022
program. Potential beneficiaries of this initiative are disproportionately employed in occupations like teaching and health …
Persistent link: https://www.econbiz.de/10013334426
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What Went Wrong with Federal Student Loans?
Looney, Adam; Yannelis, Constantine - National Bureau of Economic Research - 2024
At a time when the returns to college and graduate school are at historic highs, why do so many students struggle with their student loans? The increase in aggregate student debt and the struggles of today's student loan borrowers can be traced to changes in federal policies intended to broaden...
Persistent link: https://www.econbiz.de/10014544747
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Housing, Household Debt, and the Business Cycle : An Application to China and Korea
Sufi, Amir - National Bureau of Economic Research - 2023
China and South Korea both experienced substantial increases in household debt through 2021, and now both countries face a weakening economy. This essay gleans lessons from the "credit-driven household demand channel" (e.g., Mian and Sufi 2018) to explore how the two economies will fare in the...
Persistent link: https://www.econbiz.de/10014322876
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Risk-Adjusting the Returns to Private Debt Funds
Erel, Isil; Flanagan, Thomas; Weisbach, Michael S. - National Bureau of Economic Research - 2024
Private debt funds are the fastest growing segment of the private capital market. We evaluate their risk-adjusted returns, applying a cash-flow based method to form a replicating portfolio that mimics their risk profiles. Using both equity and debt benchmarks to measure risk, a typical private...
Persistent link: https://www.econbiz.de/10014512132
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An Empirical Analysis of Personal Bankruptcy and Delinquency
Gross, David B. - 2001
This paper uses a new panel data set of credit card accounts to analyze credit card delinquency, personal bankruptcy, and the stability of credit risk models. We estimate duration models for default and assess the relative importance of different variables in predicting default. We investigate...
Persistent link: https://www.econbiz.de/10012470309
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Personal Bankruptcy and Credit Supply and Demand
Gropp, Reint - 1996
This paper examines how personal bankruptcy and bankruptcy exemptions affect the supply and demand for credit. While generous state-level bankruptcy exemptions are probably viewed by most policymakers as benefitting less-well-off borrowers, our results using data from the 1983 Survey of Consumer...
Persistent link: https://www.econbiz.de/10012473189
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Private Money Production without Banks
Gorton, Gary B. - 2020
I test the Dang, Gorton, and Holmström (2018) (DGH) theory that the optimal design of private money is debt backed by debt. I do this in the context of English inland bills of exchange (where all parties to the bill were in England), which were used as a medium of exchange during the Industrial...
Persistent link: https://www.econbiz.de/10012479187
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Does Student Loan Forgiveness Drive Disability Application?
Armour, Philip - 2020
Student loan debt in the US exceeds $1.3 trillion, and unlike credit card and medical debt, typically cannot be discharged through bankruptcy. Moreover, this debt has been increasing: the share of borrowers leaving school with more than $50,000 of federal student debt increased from 2 percent in...
Persistent link: https://www.econbiz.de/10012479311