). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy … filings to managers, we show that a debt suspension has a very significant and negative effect on the likelihood to re … the nature of their indebtedness. Our results imply that rather than focusing on a specific debt profile, above all a …

We provide a model with endogenous portfolios of secured and unsecured household debt. Secured debt is collateralized … by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the … calibrated model matches important quantitative characteristics of observed wealth and debt portfolios for prime-age consumers in …

Assistance (SA) recipients with debt problems. With a large share of the income gains of work resumption were transferred to the … intervention were therefore twofold: the restructuring of personal debts and the prevention of new debt problems to arise. We use … the timing-of-events method to identify the effects of debt programs on SA spells.Our key finding is that the provision of …

In this survey, we review the quantitative macroeconomic literature analyzing consumer debt and default. We start by … with a comprehensive empirical section, describing key facts about consumer debt, defaults and delinquencies, as well as … life-cycle profiles using data from the Survey of Consumer Finances and show that debt and defaults display a clear hump …

-2014, this paper asks whether and to what extent debt burdens enhance these detrimental health effects. To address potential …-indebted. Moreover, the role of over-indebtedness differs between types of debt, with nonmortgage debts causing larger health losses than …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence … a collateral constraint. Over a specific range of debt levels this liquidity feedback effect is strong enough to give … entertainable belief-weightings of multiple future prices. This delivers debt-level-dependent bounds on the extent to which …

whether debts burdens hamper people's health. Several measures of debt strain are constructed, including debt-to-income ratios …, the existence of debt arrears and amounts of outstanding debts. The paper also differentiates between mortgage and non …-mortgage debts and explores the role of social norm effects in the debt-health relationship. The results, based on a random effects …

households affected by such programs. We analyze the impact of the Texas Enterprise Zone Program on household debt and …

Household debt among older Americans approaching retirement has increased dramatically over the past couple of decades … debt among households in their 50s and 60s, in recent years, student loan debt has also risen among these households. Using … household survey data to examine how late life debt affects retirement decisions, we find that more indebted older adults are …