The Cost of Consumer Collateral: Evidence from Bunching

We thank Dhaval Dave, Meghan Esson, Andreas Fuster, Johannes Jaspersen, Samuel Rosen, Jan Rouwendal, and seminar participants at the NBER Corporate Finance Summer Institute, the European Group of Risk and Insurance Economists, the Urban Economics Association Meeting, Bentley University, St. John's University, Temple University, Villanova University, and the Wharton School. Keys thanks the Research Sponsors Program of the Zell/Lurie Real Estate Center for support. The views, opinions, and/or findings contained herein are those of the authors and should not be construed as an official Government position, policy, or decision. The Small Business Administration's involvement is not an endorsement of the views, opinions, and/or findings of the authors. Any remaining errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.