Search Results - subject_exact:"Personal bankruptcy"

The debt burden of job loss in a Nordic welfare state

Maczulskij, Terhi; Kanninen, Ohto; Karhunen, Hannu; … - 2025

Using linked employer-employee data combined with administrative data on debt enforcement, we analyze the impact of job loss on debt problems in Finland, where even 50% of income may be subject to wage garnishment for up to 25 years. Our results show that job loss, defined by plant closures and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015407906

Designing debt restructuring : the adverse effects on labor market outcomes

Beuschlein, Jakob - 2025

This paper examines how the design of debt restructuring or personal insolvency programs shapes labor market outcomes using Sweden as a case study. In the Swedish debt restructuring program, debt is forgiven following a 5-year partial repayment period. I estimate the causal effects of the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015657383

The long-run effects of individual debt relief

Bruze, Gustaf; Hilsløv, Alexander Kjær; Maibom, Jonas - 2024

Individuals with extensive debt may be granted debt relief in court. We provide a comprehensive evaluation of the Danish debt relief program with data from court records linked to nationwide register data. Using event-study methods and quasi-random assignment of applicants to court trustees with...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014551869

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The long-run effects of individual debt relief

Bruze, Gustaf; Hilsløv, Alexander Kjær; Maibom, Jonas - 2024

Book / Working Paper

Consumer bankruptcy : decision, choice and access to credit afterwards

Gumus, Atilla; Kara, Alper; Ahmad, Ahmad Hassan; Glass, … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015337697

Credit When You Need It

Collier, Benjamin L.; Hartley, Daniel A.; Keys, Benjamin J. - 2024

We estimate the causal effect of emergency credit on households' finances after a negative shock. To do so, we link application data from the U.S. Federal Disaster Loan program, which provides loans to households that have uninsured damages from a federally-declared natural disaster, to a panel...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015056171

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Credit when you need it

Collier, Benjamin L.; Hartley, Daniel A.; Keys, Benjamin J. - 2024

Book / Working Paper

Wealth drawdowns or borrowing? : how parents fund financial support for their children's first home

Andersen, Henrik Yde; Gaarskær, Cecilie Walsted; … - 2026

Intergenerational assistance in housing markets is well documented, yet little is known about how parents finance support for their children's first home purchases. Using population-wide Danish administrative data linking first-time buyers and their parents from 2000 to 2023, we identify...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015654686

Household borrowing and monetary policy transmission : post-pandemic insights from nine European credit registers

De Jonghe, Olivier; Beņkovskis, Konstantı̄ns; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015627165

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Household borrowing and monetary policy transmission : post-pandemic insights from nine European credit registers

De Jonghe, Olivier; Benkovskis, Konstantīns; Bielskis, … - 2025

Book / Working Paper

Household borrowing and monetary policy transmission : post-pandemic insights from nine European credit registers

De Jonghe, Olivier; Beņkovskis, Konstantīns; … - 2025

Book / Working Paper

Household borrowing and monetary policy transmission : post-pandemic insights from nine European credit registers

De Jonghe, Olivier; Benkovskis, Konstantīns; Bielskis, … - 2025

Book / Working Paper

Household borrowing and monetary policy transmission : post-pandemic insights from nine European credit registers

De Jonghe, Olivier; Beņkovskis, Konstantīns; … - 2025

Book / Working Paper

Household borrowing and monetary policy transmission: post-pandemic insights from nine European credit registers

De Jonghe, Olivier; Benkovskis, Konstantīns; Bielskis, … - 2025

Book / Working Paper

Household borrowing and monetary policy transmission : post-pandemic insights from nine european credit registers

De Jonghe, Olivier; Benkovskis, Konstantins; Bielskis, … - 2025

Book / Working Paper

Household borrowing and monetary policy transmission : post-pandemic insights from nine European credit registers

De Jonghe, Olivier; Beņkovskis, Konstantīns; … - 2026

Book / Working Paper

Pushing the limit : how borrowers tackle an LTV cap

Coulier, Lara; De Schryder, Selien; Van Den Heuvel, Milan; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015608779

The effects of austerity on fiscal prudence : the role of private indebtedness and private investment

Chrysanthakopoulos, Christos - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609167

The effects of wildfire and distant air pollution on household financial well-being

An, Xudong; Gabriel, Stuart A.; Tzur-Ilan, Nitzan - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609890

Explaining contract heterogeneity in the credit card market

Chatterjee, Satyajit; Eyigungor, Burcu - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015609891

Lending to vulnerable households and consumption : evidence from Korea

Lee, Jieun; Shim, Ilhyock - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613792

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Lending to vulnerable households and consumption : evidence from Korea

Lee, Jieun; Shim, Ilhyock - 2026

Book / Working Paper

Chasing lower rates : how households balance refinancing incentives and debt constraints

Gregor, Jiří; Janků, Jan - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015593671

The devil is in the details : state-mandated personal finance education and financial well-being

Collins, J. Michael; Urban, Carly - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015553766

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The devil is in the details : state-mandated personal finance education and financial well-being

Collins, J. Michael; Urban, Carly - 2025

Book / Working Paper

Debtor protection and health insurance : evidence from personal bankruptcy reform

Barbieri, Paolo Nicola; Bottazzi, Laura; Di Giacomo, … - 2026

We investigate how the use of bankruptcy as an implicit health insurance varies across households, focusing on heterogeneity by asset holdings, race, marital status, and educational attainment. Using a difference-in-differences design based on the 2005 bankruptcy reform, we find that the reform...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015586920

How Do Interest Rates Affect Consumption? : Household Debt and the Role of Asset Prices

Foulis, Angus K.; Hazell, Jonathon; Mian, Atif; Tracey, … - 2026

This paper estimates how rate cuts increase consumption, via debt and asset prices. Using administrative UK data on mortgages and consumption, we exploit the expiry of fixed-rate mortgages to construct six million household-level natural experiments. A 1pp reduction in mortgage rates raises...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015611215

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How do interest rates affect consumption? : household debt and the role of asset prices

Foulis, Angus; Hazell, Jonathon; Mian, Atif; Tracey, Belinda - 2026

Book / Working Paper

How do interest rates affect consumption? : Household debt and the role of asset prices

Foulis, Angus; Hazell, Jonathan; Mian, Atif; Tracey, Belinda - 2026

Book / Working Paper

How do interest rates affect consumption? : household debt and the role of asset prices

Foulis, Angus; Hazell, Jonathon; Mian, Atif; Tracey, Belinda - 2026

Book / Working Paper

How accurately do consumers report their debts in household surveys?

Madeira, Carlos - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015625201

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How accurately do consumers report their debts in household surveys?

Madeira, Carlos - 2025

Book / Working Paper

Financial technology as a tool to enhance financial consumer protection and reduce defaults on personal loans : to achieve financial inclusion and sustainable development in Jordan

AlBataineh, AbdelKarim - 2026

Financial technology (FT) has been credited for supporting sustainable development and financial inclusion. However, issues such as balancing innovation with consumer protection and the challenges of loan default have emerged as significant concerns in this context. The study aimed to test the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015626644

Consumers' path to mortgage delinquency

Zhao, Laura; Xiao, Jia Qi; Witts, Aidan - 2026 - Last updated: February 26, 2026

This paper examines the behavioural patterns of Canadian borrowers as they progress toward mortgage delinquency. Using the full universe of TransUnion borrower credit data from 2015 to 2024, we document that mortgage holders begin increasing their credit utilization roughly two years before...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638041

Loan defaults and credit risk in microfinance

Andam Boiquaye, Perpetual; Aidoo, Bernadette; Gyamerah, … - 2026

This study investigates the probability of consumer default across both secured and unsecured assets, with a particular focus on borrower behavior and the role of moral hazard in shaping individual credit risk. It examines how different borrower decisions, such as investing in secured and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639069

Staffing the private debt boom : skills, talent, and consequences

Ivashina, Victoria; Rotermund, Sophie-Dorothee; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015641892

Mortgage end, consumption reaction and portfolio allocation

Castagno, Elisa - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015642029

When loss strikes twice : severe health shocks and financial well-being

Majlesi, Kaveh; Molin, Elin; Roth, Paula - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015620816

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When loss strikes twice : severe health shocks and financial well-being

Majlesi, Kaveh; Molin, Elin; Roth, Paula - 2026

Book / Working Paper

Household Finance and Consumption Survey : methodological report for the 2023 wave

2026

This report summarises the methodologies used in the fifth wave of the Eurosystem Household Finance and Consumption Survey, which provides household-level data collected in a harmonised way in the 20 euro area countries at the time of collection, as well as in the Czech Republic and Hungary. The...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015656237

Household Finance and Consumption Survey : results from the 2023 wave

2026

This report summarises the stylised facts from the 2023 wave of the Eurosystem Household Finance and Consumption Survey, which provides household-level data collected in a harmonised way in 20 euro area countries, as well as in the Czech Republic and Hungary, for a sample of almost 90,000...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015656244

Understanding debt in the older population

Lusardi, Annamaria; Mitchell, Olivia S.; Oggero, Noemi - 2026

We explore debt and debt management among older Americans (ages 51-61 years) using the 2018 National Financial Capability Study. Though these individuals should have been at the peak of their retirement savings, we show that many were heavily indebted, often due to unpaid medical bills and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015647147

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Understanding debt in the older population

Lusardi, Annamaria; Mitchell, Olivia S.; Oggero, Noemi - 2020

Book / Working Paper

Understanding debt in the older population

Lusardi, Annamaria; Mitchell, Olivia S.; Oggero, Noemi - 2020

Book / Working Paper

Understanding Debt in the Older Population

Lusardi, Annamaria; Mitchell, Olivia S.; Oggero, Noemi - 2022

Book / Working Paper

Understanding Debt in the Older Population

Lusardi, Annamaria; Mitchell, Olivia S.; Oggero, Noemi - 2020

Book / Working Paper

Understanding Debt in the Older Population

Lusardi, Annamaria - 2020

Book / Working Paper

What drives mortgage default in Europe? : the role of liquidity, equity and debt enforcement

Lindner, Peter; Riedl, Aleksandra - 2026

Using harmonized household data from 18 European countries, this paper studies what triggers mortgage default. We distinguish between liquidity stress, negative equity, and the double trigger, where both occur simultaneously. We find that all three increase default risk, but the double trigger...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650650

Flexible debt relief and credit behavior : evidence from loan-level data

Worarit Vannavanit; Sommarat, Chantarat; Lathaporn … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650751

From theory to debt decisions : evidence on financial literacy among university students

Kovalova, Erika; Durana, Pavol; Zvarikova, Katarina; … - 2026

Financial literacy represents a fundamental competence in contemporary knowledge-based economies, particularly in the context of increasingly complex corporate financing instruments. Insufficient financial literacy may lead to suboptimal debt decisions, inefficient capital structures, and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015633099

Household indebtedness and multidimensional poverty : evidence from China

Li, Jiaheng; Abiona, Olukorede; Sinha, Kompal - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015635321

The Luxembourg household finance and consumption survey : results from the fifth wave in 2023

Lindner, Peter; Mathä, Thomas; Pulina, Giuseppe; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015636938

Financial literacy and over-indebtedness : is there a relationship?

Abduramanov, Artem Y.; Kuzina, Olga E.; Moiseeva, Daria V. - 2026

This paper assesses the relationship between financial literacy and over-indebtedness of Russian households using panel data from the Survey of Consumer Finances collected in Russia during 2018-2024. Russia is an interesting case: a relatively young consumer-finance market in which a lack of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668277

Household financial fragility in Albania : empirical evidence from the 2019 household wealth survey

Dushku, Elona - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668576

Financial inclusion and household debt : evidence from low-income and lower-middle-income countries

Sezer, Pınar; Başar, Dilek; Öztürk, Selcen - 2026

This study examines the relation between financial inclusion (FI) and individual debt in low- and lower-middle-income countries, focusing on whether increased access to financial services promotes borrowing. Although FI is often advocated for enhancing economic opportunities, its implications...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015664556

One policy rate, uneven provincial inflation : shelter, household debt, and provincial structure in Canada

Colonescu, Constantin - 2026

This article studies why the same Bank of Canada tightening is reflected differently in provincial CPI inflation. It combines monthly provincial data from January 1991 to December 2024 with interacted local projections and public-data measures of common national monetary movements. The design...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015671898

Sports betting across borders : spatial spillovers, credit distress, and fiscal externalities

Goss, Jacob; Mangrum, Daniel - 2026 - Revised March 2026

Since the 2018 Murphy v. NCAA decision, 38 states have legalized mobile sports betting. We study effects on betting and consumer credit, emphasizing spatial spillovers across state lines. Using consumer spending data and an extended two-way fixed effects framework that separately identifies...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015614722

Household debt, the real economy, and financial stability : a literature review

Nyholm, Juho; Silvo, Aino - 2026

The Global Financial Crisis of 2007-2009 moved research on household debt and its aggregate implications to the forefront of macroeconomics. In this review, we offer a synthesis of this large body of both empirical and theoretical research, and an overview of the most important themes for future...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644270

Progressive income-contingent student loans

Hua, Yue; Kudrna, George - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016063869

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Progressive income-contingent student loans

Hua, Yue; Kudrna, George - 2024

Book / Working Paper

The Debt Burden of Job Loss in a Nordic Welfare State

Maczulskij, Terhi; Kanninen, Ohto; Karhunen, Hannu; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015445006

Does alt data tilt bargaining power in relationship lending? : evidence from borrowers' premium customer base

Asare Asante, Fred; Mensah, Albert Kwame - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015618406

Digital credit and debt traps : behavioral and socio-cultural drivers of FinTech indebtedness in Indonesia

Ari Warokka; Sartika, Dewi; Aqmar, Aina Zatil - 2025

FinTech-based lending has rapidly expanded in emerging economies, offering convenience and inclusion but also raising concerns about over-indebtedness. In Indonesia, the surge of digital loans has been accompanied by growing signs of risky borrowing behavior, including late payments, high...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015547444

Determinants of household debt-to-gdp financial stability, and economic resilience : a cross-country panel analysis (2000-2023)

Ebele, Chidera Favour; Ihuarulam, Gideon - 2025

This study investigates the determinants of household debt-to- GDP across ten economies, comprising both developed and developing countries, spanning the period from 2000 to 2023. Employing a panel econometric framework, including Fixed Effects, Random Effects, and Panel ARDL models, the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015440625

Stayin' alive : debt complexity as a bankruptcy-delaying mechanism

Forssbæck, Jens; Jankensgård, Håkan; Moursli, Reda - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015440941

The use and disuse of FinTech credit : when buy-now-pay-later meets credit reporting

Dong, Yanfei; Hu, Jiayin; Huang, Yiping; Qiu, Han; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015206733

Health shock and indebtedness : does having access to health insurance reduce the reliance on borrowing as a shock coping strategy?

Nguyen, Duy Linh; Nguyen, Trung Thanh; Nguyen, Tung T.; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015374471

Buy now pay (less) later : leveraging private BNPL data in consumer banking

Laudenbach, Christine; Molin, Elin; Roszbach, Kasper; … - 2025

Buy Now, Pay Later loans (BNPL) are an increasingly popular way to finance smallticket purchases. We provide new evidence on how BNPL influences regular bank credit markets, benefiting both lenders and borrowers through information production and learning. Using data from over one million...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015271424

New models for South African consumption, house prices, and mortgage and non-mortgage debt : insights for financial stability and monetary transmission

Aron, Janine; Muellbauer, John - 2025

Aggregate consumption typically exceeds 60 per cent of GDP and should be pivotal in central bank policy models. Most use semi-structural macro-models, yet consumption is usually inadequately specified. We use a systems approach to estimate new equations for South African consumption, house...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015273030