Keys, Benjamin J.; Mahoney, Neale; Yang, Hanbin - In: The review of financial studies 36 (2023) 1, pp. 42-69
We use credit report data to study consumer financial distress in America. We report large, persistent disparities in financial distress across regions. To understand these patterns, we conduct a “movers” analysis. For collections and default, there is only weak convergence following a move,...
