limits and more lenient bankruptcy - affected intergenerational mobility. Surprisingly, we find that the democratization of … bankruptcy policy lowers mobility since low-income households dissave, hit their constraints more often, and reduce investments … in their children. Quantitatively, the democratization of credit is dominated by more lenient bankruptcy policy and so …

In the U.S., individual parties who file for bankruptcy can exempt a certain dollar amount of property from creditor … businesses. Our results indicate that additional debtor protection, brought about by changes to bankruptcy laws, significantly …

A book review of a history of bankruptcy in the United States told through an interdisciplinary lens of law, history … and economics. The main contribution of this book is to evaluate changes in federal bankruptcy rates and bankruptcy law in … relation to state collections law. Bankruptcy in America is is the first book to consistently construct and evaluate state …