The Impact of Bankruptcy Reform on Insolvency Choice and Consumer Credit
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Will Dobbie & Jae Song, 2015.
"Debt Relief and Debtor Outcomes: Measuring the Effects of Consumer Bankruptcy Protection,"
American Economic Review, American Economic Association, vol. 105(3), pages 1272-1311, March.
- Will Dobbie & Jae Song, 2014. "Debt Relief and Debtor Outcomes: Measuring the Effects of Consumer Bankruptcy Protection," NBER Working Papers 20520, National Bureau of Economic Research, Inc.
- Song Han & Geng Li, 2011.
"Household Borrowing after Personal Bankruptcy,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 491-517, March.
- Song Han & Geng Li, 2011. "Household Borrowing after Personal Bankruptcy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(2‐3), pages 491-517, March.
- Song Han & Geng Li, 2009. "Household borrowing after personal bankruptcy," Finance and Economics Discussion Series 2009-17, Board of Governors of the Federal Reserve System (U.S.).
- Reint Gropp & John Karl Scholz & Michelle J. White, 1997.
"Personal Bankruptcy and Credit Supply and Demand,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(1), pages 217-251.
- Reint Gropp & John Karl Scholz & Michelle White, 1996. "Personal Bankruptcy and Credit Supply and Demand," NBER Working Papers 5653, National Bureau of Economic Research, Inc.
- Vyacheslav Mikhed & Barry Scholnick, 2014. "Financial benefits, travel costs, and bankruptcy," Working Papers 14-18, Federal Reserve Bank of Philadelphia.
- Igor Livshits & James MacGee & Michèle Tertilt, 2010.
"Accounting for the Rise in Consumer Bankruptcies,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 2(2), pages 165-193, April.
- Igor Livshits & James MacGee & Michele Tertilt, 2006. "Accounting for the Rise in Consumer Bankruptcies," University of Western Ontario, Economic Policy Research Institute Working Papers 20066, University of Western Ontario, Economic Policy Research Institute.
- Igor Livshits & James MacGee & Michele Tertilt, 2006. "Accounting for the Rise in Consumer Bankruptcies," Discussion Papers 06-001, Stanford Institute for Economic Policy Research.
- Igor Livshits & James MacGee & Michèle Tertilt, 2007. "Accounting for the Rise in Consumer Bankruptcies," NBER Working Papers 13363, National Bureau of Economic Research, Inc.
- Olga Bilyk & Brian Peterson, 2015. "Credit Cards: Disentangling the Dual Use of Borrowing and Spending," Staff Analytical Notes 15-3, Bank of Canada.
- Sumit Agarwal & Souphala Chomsisengphet & Neale Mahoney & Strö & Johannes bel, 2015.
"Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession,"
CESifo Working Paper Series
5521, CESifo.
- Agarwal, Sumit & Ströbel, Johannes & Chomsisengphet, Souphala & Mahoney, Neale, 2015. "Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession," CEPR Discussion Papers 10839, C.E.P.R. Discussion Papers.
- James J. Heckman & Hidehiko Ichimura & Petra E. Todd, 1997. "Matching As An Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(4), pages 605-654.
- Albanesi, Stefania & Nosal, Jaromir, 2015.
"Insolvency After the 2005 Bankruptcy Reform,"
CEPR Discussion Papers
10533, C.E.P.R. Discussion Papers.
- Jaromir Nosal & Stefania Albanesi, 2016. "Insolvency after the 2005 Bankruptcy Reform," 2016 Meeting Papers 1147, Society for Economic Dynamics.
- Stefania Albanesi & Jaromir B. Nosal, 2015. "Insolvency after the 2005 bankruptcy reform," Staff Reports 725, Federal Reserve Bank of New York.
- Albanesi, Stefania & Nosal, Jaromir, 2015. "Insolvency After the 2005 Bankruptcy Reform," Economics Series 312, Institute for Advanced Studies.
- Stefania Albanesi & Jaromir Nosal, 2018. "Insolvency After the 2005 Bankruptcy Reform," NBER Working Papers 24934, National Bureau of Economic Research, Inc.
- Tal Gross & Matthew J. Notowidigdo & Jialan Wang, 2014.
"Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates,"
The Review of Economics and Statistics, MIT Press, vol. 96(3), pages 431-443, July.
- Tal Gross & Matthew J. Notowidigdo & Jialan Wang, 2012. "Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates," NBER Working Papers 17807, National Bureau of Economic Research, Inc.
- Ethan Cohen-Cole & Burcu Duygan-Bump & Judit Montoriol-Garriga, 2009. "Forgive and forget: who gets credit after bankruptcy and why?," Supervisory Research and Analysis Working Papers QAU09-2, Federal Reserve Bank of Boston.
- Satyajit Chatterjee & Dean Corbae & Makoto Nakajima & José-Víctor Ríos-Rull, 2007.
"A Quantitative Theory of Unsecured Consumer Credit with Risk of Default,"
Econometrica, Econometric Society, vol. 75(6), pages 1525-1589, November.
- Satyajit Chatterjee & Dean Corbae & Makoto Nakajima & Jose-Victor Rios-Rull, 2002. "A Quantitative Theory of Unsecured Consumer Credit with Risk of Default," Centro de Altisimos Estudios Rios Pe©rez(CAERP) 2, Centro de Altisimos Estudios Rios Perez (CAERP).
- Satyajit Chatterjee & Dean Corbae & Makoto Nakajima & José-Víctor Ríos-Rull, 2007. "A quantitative theory of unsecured consumer credit with risk of default," Working Papers 07-16, Federal Reserve Bank of Philadelphia.
- Zame, William R, 1993.
"Efficiency and the Role of Default When Security Markets Are Incomplete,"
American Economic Review, American Economic Association, vol. 83(5), pages 1142-1164, December.
- William R. Zame, 1990. "Efficiency and the Role of Default When Security Markets are Incomplete," UCLA Economics Working Papers 585, UCLA Department of Economics.
- William R. Zame, 1992. "Efficiency and the Role of Default When Security Markets are Incomplete," UCLA Economics Working Papers 673, UCLA Department of Economics.
- Li, Wenli & Sarte, Pierre-Daniel, 2006. "U.S. consumer bankruptcy choice: The importance of general equilibrium effects," Journal of Monetary Economics, Elsevier, vol. 53(3), pages 613-631, April.
- Wenli Li & Michelle J. White & Ning S. Zhu, 2010. "Did bankruptcy reform cause mortgage default rates to rise?," Working Papers 10-16, Federal Reserve Bank of Philadelphia.
- Igor Livshits & James MacGee & Michèle Tertilt, 2007.
"Consumer Bankruptcy: A Fresh Start,"
American Economic Review, American Economic Association, vol. 97(1), pages 402-418, March.
- Igor Livshits & James MacGee & Michele Tertilt, 2003. "Consumer bankruptcy: a fresh start," Working Papers 617, Federal Reserve Bank of Minneapolis.
- Igor Livshits & James MacGee & Michele Tertilt, 2005. "Consumer Bankruptcy: A Fresh Start," Discussion Papers 04-011, Stanford Institute for Economic Policy Research.
- Will Dobbie & Paul Goldsmith-Pinkham & Crystal S. Yang, 2017.
"Consumer Bankruptcy and Financial Health,"
The Review of Economics and Statistics, MIT Press, vol. 99(5), pages 853-869, December.
- Will Dobbie & Paul Goldsmith-Pinkham & Crystal Yang, 2015. "Consumer Bankruptcy and Financial Health," NBER Working Papers 21032, National Bureau of Economic Research, Inc.
- Ozgur Emre Ergungor, 2010.
"Bank Branch Presence and Access to Credit in Low- to Moderate-Income Neighborhoods,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(7), pages 1321-1349, October.
- O. Emre Ergungor, 2006. "Bank branch presence and access to credit in low-to-moderate income neighborhoods," Working Papers (Old Series) 0616, Federal Reserve Bank of Cleveland.
- Guido Imbens & Karthik Kalyanaraman, 2012.
"Optimal Bandwidth Choice for the Regression Discontinuity Estimator,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(3), pages 933-959.
- Imbens, Guido W. & Kalyanaraman, Karthik, 2009. "Optimal Bandwidth Choice for the Regression Discontinuity Estimator," IZA Discussion Papers 3995, Institute of Labor Economics (IZA).
- Guido Imbens & Karthik Kalyanaraman, 2009. "Optimal Bandwidth Choice for the Regression Discontinuity Estimator," NBER Working Papers 14726, National Bureau of Economic Research, Inc.
- Guido Imbens & Karthik Kalyanaraman, 2010. "Optimal bandwidth choice for the regression discontinuity estimator," CeMMAP working papers CWP05/10, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Lang, William W. & Mester, Loretta J. & Vermilyea, Todd A., 2008.
"Competitive effects of Basel II on US bank credit card lending,"
Journal of Financial Intermediation, Elsevier, vol. 17(4), pages 478-508, October.
- William W. Lang & Loretta J. Mester & Todd A. Vermilyea, 2007. "Competitive effects of Basel II on U.S. bank credit card lending," Working Papers 07-9, Federal Reserve Bank of Philadelphia.
- Scott Fay & Erik Hurst & Michelle J. White, 2002. "The Household Bankruptcy Decision," American Economic Review, American Economic Association, vol. 92(3), pages 706-718, June.
- Shuoxun Zhang & Tarun Sabarwal & Li Gan, 2015.
"Strategic Or Nonstrategic: The Role Of Financial Benefit In Bankruptcy,"
Economic Inquiry, Western Economic Association International, vol. 53(2), pages 1004-1018, April.
- Li Gan & Tarun Sabarwal & Shuoxun Zhang, 2014. "Strategic or Non-Strategic: The Role of Financial Benefit in Bankruptcy," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201402, University of Kansas, Department of Economics, revised Feb 2014.
- Lin, Emily Y. & White, Michelle J., 2001. "Bankruptcy and the Market for Mortgage and Home Improvement Loans," Journal of Urban Economics, Elsevier, vol. 50(1), pages 138-162, July.
- Igor Livshits, 2015. "Recent Developments In Consumer Credit And Default Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 594-613, September.
- Ian Domowitz & Robert L. Sartain, 1999. "Determinants of the Consumer Bankruptcy Decision," Journal of Finance, American Finance Association, vol. 54(1), pages 403-420, February.
- Chatterjee, Satyajit & Gordon, Grey, 2012.
"Dealing with consumer default: Bankruptcy vs garnishment,"
Journal of Monetary Economics, Elsevier, vol. 59(S), pages 1-16.
- Satyajit Chatterjee & Grey Gordon, 2011. "Dealing with consumer default: bankruptcy vs. garnishment," Working Papers 11-35, Federal Reserve Bank of Philadelphia.
- Gyourko, Joseph & Tracy, Joseph, 2014. "Reconciling theory and empirics on the role of unemployment in mortgage default," Journal of Urban Economics, Elsevier, vol. 80(C), pages 87-96.
- Berkowitz, Jeremy & Hynes, Richard, 1999. "Bankruptcy Exemptions and the Market for Mortgage Loans," Journal of Law and Economics, University of Chicago Press, vol. 42(2), pages 809-830, October.
- Wenli Li & Michelle J. White & Ning Zhu, 2011.
"Did Bankruptcy Reform Cause Mortgage Defaults to Rise?,"
American Economic Journal: Economic Policy, American Economic Association, vol. 3(4), pages 123-147, November.
- Wenli Li & Michelle J. White & Ning Zhu, 2010. "Did Bankruptcy Reform Cause Mortgage Default to Rise?," NBER Working Papers 15968, National Bureau of Economic Research, Inc.
- Athreya, Kartik B., 2002. "Welfare implications of the Bankruptcy Reform Act of 1999," Journal of Monetary Economics, Elsevier, vol. 49(8), pages 1567-1595, November.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Sumit Agarwal & Slava Mikhed & Barry Scholnick & Man Zhang, 2022. "Reducing Strategic Default in a Financial Crisis," Working Papers 21-36, Federal Reserve Bank of Philadelphia.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Igor Livshits, 2015. "Recent Developments In Consumer Credit And Default Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 594-613, September.
- Florian Exler & Michèle Tertilt, 2020.
"Consumer Debt and Default: A Macro Perspective,"
CESifo Working Paper Series
8105, CESifo.
- Exler, Florian & Tertilt, Michèle, 2020. "Consumer Debt and Default: A Macro Perspective," IZA Discussion Papers 12966, Institute of Labor Economics (IZA).
- Florian Exler & Michéle Tertilt, 2020. "Consumer Debt and default: A Macro Perspective," CRC TR 224 Discussion Paper Series crctr224_2020_153v2, University of Bonn and University of Mannheim, Germany.
- Hülya Eraslan & Gizem Koşar & Wenli Li & Pierre‐Daniel Sarte, 2017.
"An Anatomy Of U.S. Personal Bankruptcy Under Chapter 13,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 58(3), pages 671-702, August.
- Wenli Li & Pierre-Daniel G. Sarte, 2007. "The anatomy of U.S. personal bankruptcy under Chapter 13," Working Papers 07-31, Federal Reserve Bank of Philadelphia.
- Hulya Eraslan & Gizem Koşar & Wenli Li & Pierre-Daniel G. Sarte, 2014. "An anatomy of u.s. Personal bankruptcy under chapter 13," Working Papers 14-33, Federal Reserve Bank of Philadelphia.
- Eraslan, Hulya & Kosar, Gizem & Li, Weli & Sarte, Pierre-Daniel, 2014. "An Anatomy of U.S. Personal Bankruptcy under Chapter 13," Working Papers 14-030, Rice University, Department of Economics.
- Hulya Eraslan & Gizem Koşar & Wenli Li & Pierre-Daniel G. Sarte, 2016. "An anatomy of U.S. personal bankruptcy under Chapter 13," Staff Reports 764, Federal Reserve Bank of New York.
- Hulya Eraslan & Wenli Li & Pierre-Daniel G. Sarte, 2007. "The anatomy of U.S. personal bankruptcy under Chapter 13," Working Paper 07-05, Federal Reserve Bank of Richmond.
- Danisewicz, Piotr & Elard, Ilaf, 2023. "The real effects of financial technology: Marketplace lending and personal bankruptcy," Journal of Banking & Finance, Elsevier, vol. 155(C).
- Gan, Li & Hernandez, Manuel A. & Zhang, Shuoxun, 2021. "Insurance or deliberate use of the bankruptcy law for financial gain? Testing for heterogeneous filing behaviors in the United States," Economic Modelling, Elsevier, vol. 105(C).
- Pavan, Marina, 2008.
"Consumer durables and risky borrowing: The effects of bankruptcy protection,"
Journal of Monetary Economics, Elsevier, vol. 55(8), pages 1441-1456, November.
- Marina Pavan, 2003. "Consumer Durables and Risky Borrowing: the Effects of Bankruptcy Protection," Boston College Working Papers in Economics 573, Boston College Department of Economics, revised 01 May 2005.
- Kurt Mitman, 2016.
"Macroeconomic Effects of Bankruptcy and Foreclosure Policies,"
American Economic Review, American Economic Association, vol. 106(8), pages 2219-2255, August.
- Kurt Mitman, 2012. "Macroeconomic Effects of Bankruptcy and Foreclosure Policies," 2012 Meeting Papers 563, Society for Economic Dynamics.
- Mitman, Kurt, 2016. "Macroeconomic Effects of Bankruptcy and Foreclosure Policies," CEPR Discussion Papers 11043, C.E.P.R. Discussion Papers.
- Daphne Chen & Jake Zhao, 2017.
"The Impact of Personal Bankruptcy on Labor Supply Decisions,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 40-61, October.
- Daphne Chen & Jake Zhao, 2016. "The Impact of Personal Bankruptcy on Labor Supply Decisions," Department of Economics Working Papers 16-01, Stony Brook University, Department of Economics.
- Daphne Chen & Jake Zhao, 2017. "Code and data files for "The Impact of Personal Bankruptcy on Labor Supply Decisions"," Computer Codes 14-231, Review of Economic Dynamics.
- Corradin, S. & Gropp, R. & Huizinga, H.P. & Laeven, L., 2010.
"Who Invests in Home Equity to Exempt Wealth from Bankruptcy?,"
Discussion Paper
2010-118, Tilburg University, Center for Economic Research.
- Corradin, Stefano & Gropp, Reint E. & Huizinga, Harry & Laeven, Luc, 2013. "Who invests in home equity to exempt wealth from bankruptcy?," SAFE Working Paper Series 21, Leibniz Institute for Financial Research SAFE.
- Gropp, Reint & Corradin, Stefano & Huizinga, Harry & Laeven, Luc, 2011. "Who invests in home equity to exempt wealth from bankruptcy?," Working Paper Series 1337, European Central Bank.
- Corradin, S. & Gropp, R. & Huizinga, H.P. & Laeven, L., 2010. "Who Invests in Home Equity to Exempt Wealth from Bankruptcy?," Other publications TiSEM 876e53a4-bd96-4516-8f9f-1, Tilburg University, School of Economics and Management.
- Corradin, S. & Gropp, R. & Huizinga, H.P. & Laeven, L., 2010. "Who Invests in Home Equity to Exempt Wealth from Bankruptcy?," Other publications TiSEM 1af9bcc0-1fae-4575-8bad-8, Tilburg University, School of Economics and Management.
- Huizinga, Harry & Gropp, Reint & Laeven, Luc & Corradin, Stefano, 2010. "Who Invests in Home Equity to Exempt Wealth from Bankruptcy?," CEPR Discussion Papers 8097, C.E.P.R. Discussion Papers.
- Pattison, Nathaniel, 2020.
"Consumption smoothing and debtor protections,"
Journal of Public Economics, Elsevier, vol. 192(C).
- Nathaniel Pattison, 2017. "Consumption Smoothing and Debtor Protections," Departmental Working Papers 1703, Southern Methodist University, Department of Economics.
- Corradin, Stefano & Gropp, Reint & Huizinga, Harry & Laeven, Luc, 2016. "The effect of personal bankruptcy exemptions on investment in home equity," Journal of Financial Intermediation, Elsevier, vol. 25(C), pages 77-98.
- Koudijs, Peter & Salisbury, Laura, 2020.
"Limited liability and investment: Evidence from changes in marital property laws in the US South, 1840–1850,"
Journal of Financial Economics, Elsevier, vol. 138(1), pages 1-26.
- Koudijs, Peter A. E. & Salisbury, Laura, 2018. "Limited Liability and Investment: Evidence from Changes in Marital Property Laws in the U.S. South, 1840-1850," Research Papers 3753, Stanford University, Graduate School of Business.
- Athreya, Kartik, 2006.
"Fresh start or head start? Uniform bankruptcy exemptions and welfare,"
Journal of Economic Dynamics and Control, Elsevier, vol. 30(11), pages 2051-2079, November.
- Kartik B. Athreya, 2004. "Fresh start or head start? Uniform bankruptcy exemptions and welfare," Working Paper 03-03, Federal Reserve Bank of Richmond.
- Gordon, Grey, 2017.
"Optimal bankruptcy code: A fresh start for some,"
Journal of Economic Dynamics and Control, Elsevier, vol. 85(C), pages 123-149.
- Grey Gordon, 2014. "Optimal Bankruptcy Code: A Fresh Start for Some," CAEPR Working Papers 2014-002, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
- Tertilt, Michèle & Exler, Florian, 2020. "Consumer Debt and Default: A Macroeconomic Perspective," CEPR Discussion Papers 14425, C.E.P.R. Discussion Papers.
- Song Han & Geng Li, 2011.
"Household Borrowing after Personal Bankruptcy,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 491-517, March.
- Song Han & Geng Li, 2011. "Household Borrowing after Personal Bankruptcy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(2‐3), pages 491-517, March.
- Song Han & Geng Li, 2009. "Household borrowing after personal bankruptcy," Finance and Economics Discussion Series 2009-17, Board of Governors of the Federal Reserve System (U.S.).
- Brian Jonghwan Lee, 2024. "Bankruptcy Lawyers and Credit Recovery," Working Papers 24-10, Federal Reserve Bank of Philadelphia.
- Song Han & Benjamin J. Keys & Geng Li, 2011. "Credit supply to personal bankruptcy filers: evidence from credit card mailings," Finance and Economics Discussion Series 2011-29, Board of Governors of the Federal Reserve System (U.S.).
- Nakajima, Makoto, 2017.
"Assessing bankruptcy reform in a model with temptation and equilibrium default,"
Journal of Public Economics, Elsevier, vol. 145(C), pages 42-64.
- Makoto Nakajima, 2015. "Assessing bankruptcy reform in a model with temptation and equilibrium default," Working Papers 15-12, Federal Reserve Bank of Philadelphia.
- Makoto Nakajima, 2016. "Assessing Bankruptcy Reform in a Model with Temptation and Equilibrium Default," Working Papers 16-21, Federal Reserve Bank of Philadelphia.
- Makoto Nakajima, 2016. "Assessing Bankruptcy Reform in a Model with Temptation and Equilibrium Default," 2016 Meeting Papers 1330, Society for Economic Dynamics.
- Wenli Li & Pierre-Daniel Sarte & Hulya Eraslan, 2007. "A Structural Model of Chapter 13 Personal Bankruptcy," 2007 Meeting Papers 972, Society for Economic Dynamics.
More about this item
Keywords
Credit and credit aggregates; Financial Institutions; Financial system regulation and policies;All these keywords.
JEL classification:
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- G2 - Financial Economics - - Financial Institutions and Services
- K35 - Law and Economics - - Other Substantive Areas of Law - - - Personal Bankruptcy Law
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2016-06-04 (Banking)
- NEP-LAW-2016-06-04 (Law and Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bca:bocawp:16-26. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bocgvca.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.