Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates
---- Acknowledgements ----
We are grateful to Ben Keys, Erik Hurst, Neale Mahoney, Nick Souleles, and seminar participants at the University of California at Los Angeles, University of Illinois, University of Miami, the Olin School of Business, the Federal Reserve Bank of Philadelphia, and Columbia University for useful feedback. We thank Ido Moskovich and Anthony Vashevko for helpful research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.