Malleability of Alcohol Consumption: Evidence from Migrants

Hinnosaar, Marit; Liu, Elaine M.

doi:10.1016/j.jhealeco.2022.102648

Cited by 3 publications

(2 citation statements)

References 50 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Finally, our research adds a new finance-related dimension to a rapidly growing literature that seeks to separate geographic and institutional factors from individual character-istics using movers designs. This literature includes research on brand preferences (Bronnenberg, Dube and Gentzkow, 2012), health care costs, behavior, and outcomes (Finkelstein, Gentzkow and Williams, 2016Hinnosaar and Liu, 2020), and intergenerational mobility (Chetty and Hendren, 2018a,b), among other topics.…”

Section: Introductionmentioning

confidence: 99%

What Determines Consumer Financial Distress? Place- and Person-Based Factors

Keys

Mahoney

Yang³

2022

The Review of Financial Studies

View full text Add to dashboard Cite

We use credit report data to study consumer financial distress in America. We report large, persistent disparities in financial distress across regions. To understand these patterns, we conduct a “movers” analysis. For collections and default, there is only weak convergence following a move, suggesting these types of distress are not primarily caused by place-based factors (e.g., local economic conditions and state laws) but instead reflect person-based characteristics (e.g., financial literacy and risk preferences). In contrast, for personal bankruptcy, we find a sizable place-based effect, which is consistent with anecdotal evidence on how local legal factors influence personal bankruptcy.

show abstract

Section: Introductionmentioning

confidence: 99%

What Determines Consumer Financial Distress? Place- and Person-Based Factors

Keys

Mahoney

Yang³

2022

The Review of Financial Studies

View full text Add to dashboard Cite

show abstract

“…The past matters also for those(Eizenberg and Salvo, 2015;Sudhir and Tewari, 2015;Kueng and Yakovlev, 2021). But the extent is different, and there is evidence of forgetting(Mehta et al, 2004) and large adjustments to the new circumstances(Bronnenberg et al, 2012;Hinnosaar and Liu, 2021).2 There is also a large and growing literature on the impact of soda, sugar, and fat taxes including, among others,Fletcher et al (2010); Wang (2015);Harding and Lovenheim (2017);Muller et al (2017);Bollinger and Sexton (2018);Allcott et al (2019b);Cawley et al (2019);Dubois et al (2020);Seiler et al (2021). Other topics the nutritional choices literature has studied include the role of restaurants(Anderson and Matsa, 2011;Currie et al, 2010), nutritional information(Bollinger et al, 2011;Moorman et al, 2012;Puranam et al, 2017), bans on advertising(Dhar and Baylis, 2011;Dubois et al, 2018), and weight loss programs(Uetake and Yang, 2020).…”

mentioning

confidence: 99%

The Persistence of Healthy Behaviors in Food Purchasing

Hinnosaar

2023

Marketing Science

Self Cite

View full text Add to dashboard Cite

show abstract

What Determines Consumer Financial Distress? Place- and Person-Based Factors

2020

View full text Add to dashboard Cite

We use credit report data for a representative sample of 35 million individuals over 2000-2016 to examine consumer financial distress in the United States. We show there are large, persistent geographic disparities in consumer financial distress, with low levels in the Upper Midwest and high levels in the Deep South. To better understand these patterns, we conduct a "movers" analysis that examines how financial distress evolves when people move to places with different levels of financial distress. For collections and default, there is only weak convergence following a move, suggesting these types of financial distress are not primarily caused by place-based factors (such as local economic conditions, loan supply, and state laws) but instead reflect person-based characteristics (such as financial literacy and risk preferences). In contrast, for personal bankruptcy, we find a sizable place-based effect, which is consistent with anecdotal evidence on how local legal factors influence the bankruptcy filing decision. Individual characteristics determine whether you get into financial distress, while place-based factors determine whether you use bankruptcy to get out. * The results in this paper were calculated (or derived) based on credit data provided by TransUnion, a global information solutions company, through a relationship with the Kilts Center for Marketing at The University of Chicago Booth School of Business. All views expressed and any errors contained in this paper are solely those of the authors.

show abstract

Malleability of Alcohol Consumption: Evidence from Migrants

Cited by 3 publications

References 50 publications

What Determines Consumer Financial Distress? Place- and Person-Based Factors

What Determines Consumer Financial Distress? Place- and Person-Based Factors

The Persistence of Healthy Behaviors in Food Purchasing

What Determines Consumer Financial Distress? Place- and Person-Based Factors

Contact Info

Product

Resources

About