PERSONAL-BANKRUPTCY CYCLES
نویسندگان
چکیده
منابع مشابه
Economic Factors Associated with Personal Bankruptcy
An understanding of factors related to trends in the incidence of personal nonbusiness bankruptcy is important to credit managers as well as to economists. This study updates and extends to 1982 an earlier study of economic factors associated with the incidence of bankruptcy from 1950 to 1970. This study shows that the incidence of personal bankruptcy follows movements in a measure of the aggre...
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We analyse an economy where principals and agents match and contract subject to moral hazard. Bankruptcy law defines the limited liability constraint in these contracts. We analyse Walrasian allocations to generate the following predictions: (i) weakening bankruptcy law causes redistribution of debt and welfare from poor agents and principals to rich agents; (ii) exemption limits Pareto-dominat...
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Redistributive Taxation and Personal Bankruptcy in US States Both personal bankruptcy and redistributive taxes can insure households’ consumption risk and both vary considerably across US states. We derive sufficient conditions under which more redistributive taxation makes bankruptcy exemptions less attractive both for the intratemporal insurance and for inter-temporal consumption smoothing. E...
متن کاملCancer diagnosis as a risk factor for personal bankruptcy.
6007 Background: The risk of bankruptcy for cancer patients is not well characterized and may vary by cancer type, treatment, and personal factors. Linking the Washington State SEER registry with Western District of Washington bankruptcy court records, we measured the rate of bankruptcy after cancer and identified factors that increased risk among common cancers. METHODS We included adults ag...
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We develop a model of personal bankruptcy and debt overhang. In our model an entrepreneur must repeatedly borrow in order to finance a sequence of risky projects under conditions of moral hazard which limit the possibility of being financed. We assume that only short-term contracts can be written; the role of the bankruptcy code in this model is thus to provide a long-term element to these cont...
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ژورنال
عنوان ژورنال: Macroeconomic Dynamics
سال: 2013
ISSN: 1365-1005,1469-8056
DOI: 10.1017/s1365100512001058