Graham, John R.; Kim, Hyunseob; Li, Si; Qiu, Jiaping - Census Bureau, Department of Commerce - 2013
This paper quantifies the “human costs of bankruptcy” by estimating employee wage losses induced by the bankruptcy … wages begin to deteriorate one year prior to bankruptcy. One year after bankruptcy, the magnitude of the decline in annual … wages is 30% of pre-bankruptcy wages. The decrease in wages persists (at least) for five years post-bankruptcy. The present …
