This paper argues that the debt forgiveness provided by the U.S. consumer bankruptcy system helped stabilize employment levels during the Great Recession. We document that over this period, states with more generous bankruptcy exemptions had significantly smaller declines in non-tradable...

This paper argues that the debt forgiveness provided by the U.S. consumer bankruptcy system helped stabilize employment levels during the Great Recession. We document that over this period, states with more generous bankruptcy exemptions had significantly smaller declines in non-tradable...

Introduction: Liberalisation, privatisation and the labour market / Maarten Keune, Janine Leschke and Andrew Watt -- Privatisation and liberalisation of public services in Germany / Torsten Brandt and Thorsten Schulten -- Marketisation in Swedish electricity and postal services / Christer...