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Replication data for: Debt Portfolios and Homestead Exemptions

Version
1
Resource Type
Dataset
Creator
  • Hintermaier, Thomas
  • Koeniger, Winfried
Publication Date
2016-10-01
Description
  • Abstract

    This paper investigates the economic relevance of the large differences in homestead exemptions across US states. We build a structural model for an equilibrium analysis of debt-portfolio choices over the life cycle. Our analysis captures key patterns from the observed cross-sectional distributions of secured debt, unsecured debt, and of home equity. The model predicts that harmonizing the amount of home equity exempt in bankruptcy procedures has quantitatively negligible effects on the interest rate of unsecured debt and on welfare, unless the exemption is eliminated. The small welfare effect may rationalize why the differences in homestead exemptions are so persistent.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/mac.20120151 (Text)
Publications
  • Hintermaier, Thomas, and Winfried Koeniger. “Debt Portfolios and Homestead Exemptions.” American Economic Journal: Macroeconomics 8, no. 4 (October 2016): 103–41. https://doi.org/10.1257/mac.20120151.
    • ID: 10.1257/mac.20120151 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

Hintermaier, Thomas; Koeniger, Winfried (2016): Replication data for: Debt Portfolios and Homestead Exemptions. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116394V1