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Hilary W. Hoynes⇑ and Ankur J. Patel Hoynes is a Professor of Economics and Public Policy at the Goldman School of Public Policy, University of California, Berkeley. She is also a Research Associate for the National Bureau of Economic Research. Ankur Patel is a Financial Economist at the U. S. Department of the Treasury. Hilary Hoynes, Goldman School of Public Policy, University of California Berkeley, 2607 Hearst Avenue, Berkeley, CA 94720 (hoynesatberkeley. edu).
Hoynes et al. (Fri,) studied this question.