The Household Bankruptcy Decision

By Scott A. Fay, Erik G. Hurst, M. White. 2002

501 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/47147d956304e85d59754f0528454c8c12bd6b7c

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Citations in the corpus

Bankruptcy Reform and Credit Cards (2007, background): “In Fay et al.’s (2003) model of bankruptcy filings, households were found to be more likely to file as their financial gain from filing increases--where the financial gain from filing mainly depends on how much debt is discharged in bankruptcy. Since both the Gross and Souleles and Fay et al. studie”
Unemployment and consumption near and far away from the Mediterranean (2008, background): “(Other mechanisms include personal bankruptcy laws, see Fay, Hurst, and White 2002, and insurance within the firm, see Guiso, Pistaferri, and Schivardi 2005).”
Teardowns and land values in the Chicago metropolitan area (2007, unknown): “This approach has been used in studies by Bollinger and David [1], Caudill and Mixon [3], Dustman and Van Soest [4,5], Fay, Hurst, and White [6], Frazis and Loewenstein [7], Kenkel, Lillard, and Mathios [11], and Leece [12].”
Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates (2014, background): “Households file for bankruptcy when it is financially beneficial to do so, even if they have the ability to repay their debts (Fay et al., 2002).”
Health Insurance and the Consumer Bankruptcy Decision: Evidence from Expansions of Medicaid (2011, methodology): “5, m = 9000, and c = 25000 match numbers used in calibrations by Finkelstein et al. (2008), based on calculations from the MEPS.”
Handbook of Consumer Finance Research (2008, background): “Fay, Hurst, and White ( 2002 ) emphasize that households are most likely to enter bankruptcy when it is fi nancially advantageous and in communities where doing so is socially acceptable.”
Bankruptcy and the Market for Mortgage and Home Improvement Loans (2001, unknown): “Therefore the consumer’s decision to default on the mortgage is independent of his or her nonhousing wealth W.(10) Now consider the consumer’s bankruptcy decision, assuming that he or she defaults on the mortgage.”
Accounting for the Rise in Consumer Bankruptcies (2010, unknown): “(9)See Furletti (2003) for an overview of data sources and measurement methodology of chargeoffs.”