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DTSTART:20261101T020000
TZOFFSETFROM:-0400
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DTSTART:20270314T020000
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UID:calendar.72248.field_date.0@calendar.lafayette.edu
DTSTAMP:20261017T083630Z
DESCRIPTION:This paper investigates whether compliance documentation offers
  incremental  \nfraud deterrence in the presence of initial ex-ante screen
 ing by leveraging a  \npolicy feature of the Paycheck Protection Program -
  a loan-size threshold  \nthat waived compliance documentation requirement
 s for loan forgiveness. On  \nthe one hand\, the waiver may encourage firm
 s with true loan eligibility below  \nthe threshold to opportunistically i
 nflate their loan requests up to the  \nthreshold. On the other hand\, fir
 ms with true loan amounts above the  \nthreshold may strategically reduce 
 their loans to avoid the administrative  \nburden of compliance. Quantitat
 ively\, opportunistic overclaiming was limited  \nand the loan-reducing ef
 fect outweighed the loan-increasing effect\, resulting  \nin a net welfare
  gain of $0.03 per dollar borrowed from the documentation  \nwaiver. These
  results indicate that compliance documentation requirements  \nimpose sub
 stantial burden while providing limited marginal fraud deterrence  \nin th
 e presence of initial screening.
DTSTART;TZID=America/New_York:20261030T120000
DTEND;TZID=America/New_York:20261030T130000
LAST-MODIFIED:20261016T160729Z
LOCATION:Simon 311
SUMMARY:Economics Seminar-'More Paperwork\, Less Fraud? The Welfare Impact 
 of  \nCompliance Documentation Beyond Screening'
URL;TYPE=URI:https://calendar.lafayette.edu/node/72248
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