Maczulskij, Terhi; Kanninen, Ohto; Karhunen, Hannu; … - 2024
The paper investigates the impact of involuntary job loss on severe debt problems in Finland, where up to 50% of income … are particularly large for unpaid taxes, penal orders and fines, while job loss demonstrates only a modest impact on … records covering debt enforcements from 2007 to 2018. Our event study analysis uncovers a robust and persistent impact of job …