The Financial Consequences of Pretrial Detention
利用法院专员准随机分配，匹配个人犯罪记录与家庭财务数据，发现审前羁押导致家庭破产率上升，主要通过第7章破产和判决留置权增加，房价下跌时止赎率也上升，且影响波及家庭成员，房屋净值可缓冲破产风险。
Abstract In the United States, a significant number of criminal defendants are held in pretrial detention and face substantial financial burdens. 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.