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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. Buckley, F. H., 1996. "The political economy of immigration policies," International Review of Law and Economics, Elsevier, vol. 16(1), pages 81-99, March.
    2. 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.
    3. 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.
    4. Michelle J. White, 2005. "Economic Analysis of Corporate and Personal Bankruptcy Law," NBER Working Papers 11536, National Bureau of Economic Research, Inc.

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