We examine how household balance sheets and income statements interact to affect bankruptcy decisions following an … exogenous income shock. For identification, we exploit government payments in one but not any other Canadian province that … varied exogenously based on family size. Receiving a larger income shock from the payment (relative to household income …

theory of unsecured credit account for the high volatility and procyclicality of credit and the high volatility and … countercyclical earnings risk (i.e., rather than having all households fare slightly worse than normal during recessions, we ensure … bankruptcy risk discouraging households from using credit. This finding contradicts the intuition that access to credit helps …

theory of unsecured credit account for the high volatility and procyclicality of credit and the high volatility and … countercyclical earnings risk (i.e., rather than having all households fare slightly worse than normal during recessions, we ensure … bankruptcy risk discouraging households from using credit. This finding contradicts the intuition that access to credit helps …

theory of unsecured credit account for the high volatility and procyclicality of credit and the high volatility and … countercyclical earnings risk (i.e., rather than having all households fare slightly worse than normal during recessions, we ensure … bankruptcy risk discouraging households from using credit. This finding contradicts the intuition that access to credit helps …

yet plural map of bankruptcy reasoning. Based on the developed frame of a political grammar of bankruptcy theory this … the US bankruptcy code and the German insolvency code ('Insolvenzordnung') to highlight some selected regulative elements …