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Personal bankruptcies have continued to rise even after passage of a comprehensive reform designed to curb strategic use of bankruptcy. We formalize a distinction between strategic filing and adverse events filing by testing whether consumers manipulate their debt and filing decision or not....
Persistent link: https://www.econbiz.de/10012894092
dismissal, a split in authority exists. Should the trustee distribute these funds to the debtor, because the Chapter 13 case … construction favor distributing any funds held by the trustee at dismissal to the debtor's creditors …
Persistent link: https://www.econbiz.de/10012843117
Race and ethnicity play a central role in understanding the structure of inequality in the United States. In this paper …
Persistent link: https://www.econbiz.de/10014203388
, racial income disparities, and segregation. The use of race as a signal arises here, as in models of statistical … transactions, racial signaling can emerge with only minimal assumptions about the ex ante importance of race. In a search framework …
Persistent link: https://www.econbiz.de/10014203389
Purpose – Research has shown that employers often disfavor racial minorities - particularly African Americans - even when whites and minorities present comparable resumes when applying for jobs. Extant studies have been hard pressed to distinguish between taste-based discrimination where...
Persistent link: https://www.econbiz.de/10014143847
factors in income differences - race and gender - that contribute to income inequality within the population of blacks and … defined by the Gini index varies from 1% to 4% depending on the geographical administrative divisions used. Race tends to … inequality associated with gender exceeds greatly that of race. While gender income inequality falls over time, income inequality …
Persistent link: https://www.econbiz.de/10012169318
According to Becker's (1957) theory of taste-based employer discrimination, pure economic rents are necessary for discrimination to be observed in the labor market. Increased competition and reduced rents in the market for final goods should therefore lead to reduced labor market discrimination....
Persistent link: https://www.econbiz.de/10012997438
What are the positive and normative implications of eliminating bankruptcy protection for indebted individuals? Without bankruptcy protection, creditors can collect on defaulted debt to the extent permitted by wage garnishment laws. The elimination lowers the default premium on unsecured debt...
Persistent link: https://www.econbiz.de/10014178172
I develop an equilibrium model of housing and default to jointly analyze the effects of bankruptcy and foreclosure policies. Heterogeneous households have access to mortgages and unsecured credit and can default separately on both types of debt. I show that the interaction between foreclosure...
Persistent link: https://www.econbiz.de/10013037938
Limited personal liability has long been thought to promote entrepreneurship by providing partial insurance through debt relief in the event of business failure. However, providing this insurance through debt relief makes borrowing more costly and tightens borrowing constraints. To examine the...
Persistent link: https://www.econbiz.de/10013136476