CLEAN - LSE Seminar - Pablo Slutzky (University of Maryland)

The next CLEAN seminar, in collaboration with LSE, will take place on October 2nd 2024 from 4-5PM CET online.

Pablo Slutzky will be presenting his paper "The Financial Consequences of Pretrial Detention."

Abstract

In the United States, a substantial population of criminal defendants detained awaiting trial face high financial costs from the monetary bail system. Matching individual-level criminal case records to household-level financial data, we exploit the quasi-random assignment of court commissioners to study how pretrial detention affects household solvency. We find that pretrial detention results in higher rates of household insolvency, driven by higher rates of Chapter 7 bankruptcies and judgment liens, and higher foreclosure rates during periods of decreasing house prices. We document that the effects spill over to family members and show that home equity can cushion households from insolvency.

You may follow the event online via Zoom Meetings at the following link: https://lse.zoom.us/j/84117797279?pwd=q7RNnnbf3NqLVzdKbLO2AM5GFravSJ.1- Meeting ID: 841 1779 7279 - Passcode: 744861