Zaborowski, Christoph; Zweifel, Peter - In: Journal of Economics and Statistics (Jahrbuecher fuer … 222 (2002) 2, pp. 258-279
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...