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Consumer Credit Delinquency And Bankruptcy Forecasting Using Advanced Econometrc Modeling

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Author Info
Ji, Tingting
Abstract

This research paper empirically shows that unemployment is significant in determining both consumer bankruptcy filings and delinquency even after controlling for household demographics. Furthermore, I show that unemployment and the debt/wealth ratio also affect the choice of whether to file for bankruptcy under chapter 7 or chapter 13, after controlling for demographics. The paper then points out some of the implications the empirical results have for policy-makers and banking regulators.

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File URL: http://mpra.ub.uni-muenchen.de/3187/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 3187.

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Date of creation: 30 Oct 2004
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Handle: RePEc:pra:mprapa:3187

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Related research
Keywords: consumer credit risk delinquency bankruptcy advanced empirical econometrics financial economics consumer finance

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Find related papers by JEL classification:
G0 - Financial Economics - - General
E21 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
G20 - Financial Economics - - Financial Institutions and Services - - - General
C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution

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    Other versions:
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