个人破产法对家庭债务的抑制作用：来自试点项目的证据

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-05-05 DOI:10.1016/j.frl.2025.107533

Xincheng Xu , Buguo Xu

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引用次数: 0

摘要

本研究旨在深入了解个人破产法对家庭债务的影响。基于2015 - 2023年中国的大规模调查，本文发现个人破产法有效抑制了家庭债务的螺旋式增长。这种影响甚至在受过高等教育、子女较多的家庭和城市家庭中也很明显。利用试点方案，差异中的差异方法减轻了潜在的内生性，并确认了个人破产法的实质性影响。总体而言，本文有助于研究家庭财务和个人破产法的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The inhibitory effect of personal bankruptcy laws on household debt: Evidence from a pilot program

This research aims to gain insights into the impact of personal bankruptcy law on household debt. Based on a large-scale survey in China from 2015 to 2023, this paper finds that personal bankruptcy law effectively inhibits the spiral growth of household debt. This effect is even evident in households with higher education, more children, and households in cities. Taking advantage of a pilot program, the difference-in-differences approach mitigates potential endogeneity and confirms the substantial impact of personal bankruptcy law. Overall, this paper contributes to the research on household finance and the implications of personal bankruptcy law.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance