The Impact of Social Insurance on Household Debt -- by Gideon Bornstein, Sasha Indarte

For helpful comments and suggestions, we thank Nathan Blascak (discussant), Corina Boar (discussant), Claire Célérier (discussant), Taha Choukhmane (discussant), Dean Corbae, Lukasz Drozd, Marty Eichenbaum, Simon Freyaldenhoven, Paul Goldsmith-Pinkham (discussant), Dan Grodzicki (discussant), Kyle Herkenhoff, Ben Keys, Olivia Mitchell, Kurt Mitman, Arna Olafsson (discussant), Gordon Phillips, and Giorgia Piacentino (discussant), as well as conference and seminar participants at LSE, Imperial, Penn-Wharton brown bag, SED, EM3C, Rochester, INSPER, Minnesota, SFS Cavalcades, Columbia, UVA, EAGLS, Bank of Canada, UIUC Gies, Chicago Booth, Columbia GSB, RUNI, Wisconsin, Berkeley, Duke, NYU, NBER Micro Data and Macro Models, MIT Sloan, Goethe University Frankfurt, Bonn, Northwestern, UChicago, and University of Pittsburgh. We are grateful to Michael Boutros, Jacky Chen, Joyce Chen, Tanvi Jindal, Zoe Perez, and Paige Stevenson, who provided excellent research assistance. We gratefully acknowledge financial support for this project from the Rodney L. White Center for Financial Research. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.