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Personal bankruptcy and wage garnishment
2015Contrary to Chapter 7 bankruptcy in the U.S., many European bankruptcy regimes are stricter and force bankrupts to repay some outstanding debt through wage garnishment. Since wage garnishment raises the effective marginal tax rate, it distorts labor supply.
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Debt Relief and Debtor Outcomes: Measuring the Effects of Consumer Bankruptcy Protection
American Economic Review, 2015Will Dobbie
exaly
Fresh Start or Head Start? The Effects of Filing for Personal Bankruptcy on Work Effort
Journal of Financial Services Research, 2007Song Han, Wenli Li
exaly
Till Debt do us Part: A Model of Divorce and Personal Bankruptcy
Review of Economics of the Household, 2006Angela C Lyons
exaly