Unsecured debt with public insurance: From bad to worse [An article from: Journal of Monetary Economics]

by K.B. Athreya, N.B. Simpson

List Price:	~~$10.95~~
Amazon Price:	$10.95 & eligible for FREE Super Saver Shipping on orders over $25.
Lowest New Price:	$10.95
Availablitiy:	Available for download now

Editorial Reviews
Product Description
This digital document is a journal article from Journal of Monetary Economics, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
In U.S. data, income interruptions, the receipt of public insurance, and the incidence of personal bankruptcy are all closely related. The central contribution of this paper is to evaluate bankruptcy protection and public insurance in a unified setting where each program alters incentives in the other. Our analysis delivers two striking conclusions. First, we find that U.S. personal bankruptcy law is an important barrier that prevents the public insurance system from improving welfare. Second, contrary to popular belief, we find that increases in the generosity of public insurance will lead to more, not less, bankruptcy.

Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.