在 COVID-19 大流行期间,州公用事业暂停对信贷拖欠的影响

IF 3.3 Q1 BUSINESS, FINANCE
Jennifer Andre , Breno Braga , Kassandra Martinchek , Signe-Mary McKernan
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引用次数: 0

摘要

预计在 COVID-19 大流行后,陷入经济困境的人数会增加,而最脆弱的人群可能受害最深。为了保护最弱势群体,各州采取了一些紧急措施,如暂停公用事业服务,防止公用事业公司因欠费而切断家庭的能源和供水服务。我们利用征信所 500 万消费者的数据,调查了公用事业暂停对消费者信用拖欠的影响。我们发现,生活在实施此类保护措施的州的成年人在大流行病期间拖欠信用卡、汽车和零售贷款账单的可能性较小。我们还发现,在大流行病期间,暂停关闭州公用事业的措施降低了消费者未偿还债务被催收的可能性。黑人占多数的社区居民从公用事业暂停令中受益最大。这些结果表明,暂停关闭公用事业设施的州的家庭利用这种经济救济及时偿还了债务。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The effects of state utility shutoff moratoria on credit delinquencies during the COVID-19 pandemic

The number of people in financial distress was expected to increase in the wake of the COVID-19 pandemic, with the most vulnerable populations likely suffering the most. To protect the most disadvantaged, states implemented emergency measures such as utility shutoff moratoria, which prevented utility companies from disconnecting families’ energy and water services due to non-payment. Using credit bureau data on five million consumers, we investigate how a utility shutoff moratorium impacted consumers’ credit delinquencies. We find that adults living in states that implemented such protections were less likely to be late in the payment of their credit cards and auto & retail loan bills during the pandemic. We also find that a state utility shutoff moratorium reduced the likelihood of consumers’ unpaid debt being sent to collections during the pandemic. Residents of majority-Black communities benefited the most from a utility shutoff moratorium. These results suggest that families in states with a utility shutoff moratorium used this economic relief to pay their financial obligations in time.

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来源期刊
CiteScore
6.20
自引率
2.60%
发文量
31
期刊介绍: Journal of Economics and Business: Studies in Corporate and Financial Behavior. The Journal publishes high quality research papers in all fields of finance and in closely related fields of economics. The Journal is interested in both theoretical and applied research with an emphasis on topics in corporate finance, financial markets and institutions, and investments. Research in real estate, insurance, monetary theory and policy, and industrial organization is also welcomed. Papers that deal with the relation between the financial structure of firms and the industrial structure of the product market are especially encouraged.
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