My da|ra Login

Detailed view

metadata language: English

Replication data for: Home Equity Lending and Retail Spending: Evidence from a Natural Experiment in Texas

Version
1
Resource Type
Dataset
Creator
  • Abdallah, Chadi S.
  • Lastrapes, William D.
Publication Date
2012-05-01
Description
  • Abstract

    We estimate how spending in Texas responded to a 1997 constitutional amendment that relaxed severe restrictions on home equity lending. We use this event as a natural experiment to estimate the importance of credit constraints. If households are credit-constrained, such an increase in credit availability will increase their spending. We find that Texas retail sales at the county and state levels increased significantly after the amendment, lending support to the credit-constraint hypothesis. We confirm these findings and refine our interpretation of the estimated aggregate-level responses using household-level data on home equity loans. (JEL D14, E21, G21, G28)
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/mac.4.4.94 (Text)
Publications
  • Abdallah, Chadi S, and William D Lastrapes. “Home Equity Lending and Retail Spending: Evidence from a Natural Experiment in Texas.” American Economic Journal: Macroeconomics 4, no. 4 (October 2012): 94–125. https://doi.org/10.1257/mac.4.4.94.
    • ID: 10.1257/mac.4.4.94 (DOI)

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

Abdallah, Chadi S.; Lastrapes, William D. (2012): Replication data for: Home Equity Lending and Retail Spending: Evidence from a Natural Experiment in Texas. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116428V1