Determinants of the consumer bankruptcy decision

被引：128

作者：

Domowitz, I ^{[1
]}

Sartain, RL

机构：

[1] Penn State Univ, University Pk, PA 16802 USA

[2] ABT Associates Inc, Cambridge, MA 02138 USA

来源：

JOURNAL OF FINANCE | 1999年 / 54卷 / 01期

关键词：

D O I：

10.1111/0022-1082.00110

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Qualitative choice models of consumers' decisions to file for bankruptcy and their choice of bankruptcy chapter are estimated jointly, combining choice-based sampling techniques with a nested estimation procedure. Medical and credit card debt are found to be the strongest contributors to bankruptcy, with homeownership playing an important role with respect to both the decision to declare bankruptcy and the choice of bankruptcy alternative. The potential effects of legal changes relating to property exemptions and dischargeable debt categories are found to encourage debt repayment through Chapter 13.

引用

页码：403 / 420

页数：18

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