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The Market for Deadbeats

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  • Brinig, Margaret F
  • Buckley, F H
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    Abstract

    This article outlines three explanations for why states seek migrants and test them by reference to 1985-90 interstate migration flows. On race-for-the-top theories, states compete for value-increasing migrants by offering them healthy economies and efficient laws. On vote-seeking theories, states compete for clienteles of voters, with some states seeking to attract and some to deter welfare- or tax-loving migrants. On deadbeat theories, states compete for high human capital debtors by offering them a fresh start from out-of-state creditors. Our findings support vote-seeking and deadbeat theories. Copyright 1996 by the University of Chicago.

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    Bibliographic Info

    Article provided by University of Chicago Press in its journal Journal of Legal Studies.

    Volume (Year): 25 (1996)
    Issue (Month): 1 (January)
    Pages: 201-32

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    Handle: RePEc:ucp:jlstud:v:25:y:1996:i:1:p:201-32

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    Web page: http://www.journals.uchicago.edu/JLS/

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    Cited by:
    1. Athreya, Kartik B. & Simpson, Nicole B., 2006. "Unsecured debt with public insurance: From bad to worse," Journal of Monetary Economics, Elsevier, vol. 53(4), pages 797-825, May.
    2. Buckley, F. H., 1996. "The political economy of immigration policies," International Review of Law and Economics, Elsevier, vol. 16(1), pages 81-99, March.
    3. Michelle J. White, 2005. "Economic Analysis of Corporate and Personal Bankruptcy Law," NBER Working Papers 11536, National Bureau of Economic Research, Inc.
    4. Kelly Edmiston, 2005. "New insights in the determinants of regional variation in personal bankruptcy filing rates," Community Affairs Research Working Paper 2005-05, Federal Reserve Bank of Kansas City.

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