Attachment of wage as a way for creditors to enforce payment by unwilling or insolvent debtors is not very successful in several countries. Based on a dynamic model of debtor behaviour, this paper explores two alternatives of reform. One is to reduce the rate of attachment, which at present...

Zusammenfassung Ein erklärtes Ziel der Sozialpolitik ist es, aus temporärer keine permanente Armut werden zu lassen. Diesem Ziel steht häufig die Verschuldung des Haushalts entgegen, die zur Zeit im Zuge der Lohnpfändung dazu führt, daß das Einkommen, welches das betreibungsrechtliche...

Garnishment of wage as a way for creditors to enforce payment by unwilling or insolvent debtors, while very common in Germany and Switzerland, is not very successful. Based on a dynamic model of debtor behaviour, this paper explores two alternatives of reform. One is to reduce the rate of...