THE IMPACT OF THE SHARING ECONOMY ON HOUSEHOLD BANKRUPTCY

• 成果类型: Article
• 署名作者: Nian, Tingting; Zhu, Yuyuan (Anthony); Gurbaxani, Vijay
• 署名单位: University of California System; University of California Irvine
• 刊物名称: MIS QUARTERLY
• ISSN/ISSBN: 0276-7783
• DOI: 10.25300/MISQ/2021/15514
• 发表日期: 2021
• 页码: 1213-1248
• 关键词: personal bankruptcy; liquidity constraints; consumption response; consumer bankruptcy; matching methods; credit; debt; REFORM; CODE

摘要

Powered by digital technologies, many peer-to-peer platforms, or what is called the sharing economy, have emerged in the past decade. Although the impact of the sharing economy has received considerable attention over the past few years, extant research has not fully documented the impact of the sharing economy on consumers, workers, industry, or society as a whole. In this study, we exploit the geographical and temporal variation in Uber's entry to examine its impact on the personal bankruptcy rate as well as on other consumer credit default rates. We empirically document the changes in personal bankruptcy filings after Uber's entry, and show that personal bankruptcy filings under Chapter 7 experience a drop of 0.047 per 1,000 people after Uber enters a county, which translates to a 3.26% reduction in quarterly bankruptcy filings. Uber's entry also leads to a reduction in Chapter 13 personal bankruptcy filings, but to a smaller degree (0.018 cases per 1,000 people per quarter). We check the validity of our estimates using business bankruptcy filings, which we find are uncorrelated with Uber's entry.