The fiftieth anniversary of Miranda v. Arizona'offers a chance to assess how the decision has
played out in the real world and, in particular, to determine whether it has harmed law …

Using unique borrower-level data, we study the causal effect of debt relief on the loan
performance of distressed and nondistressed borrowers. We employ a regression …

A partial test for strategic behavior in bankruptcy filing may be formulated by testing whether
consumers manipulate their debt and filing decision jointly, or not: that is, testing for …

In this article we examine whether and how changes in personal bankruptcy laws, viewed as
a shock to employees' expected personal wealth, affect corporate policies. Following a …

This study examines how the extraction of home equity through the federally insured Home
Equity Conversion Mortgage (HECM) affects the credit outcomes of older adults. We use …

We study whether individuals self-insure against uninsured liability risk by exploiting
variations in state laws that allow individuals to protect some portion of the value of their …

The debtor protection provided by the US personal bankruptcy law reduces exposure to
uninsurable risks. A reduction in background risk-for example, resulting from labor or …

The past decade has witnessed a notable increase in household debt across countries,
which raises concerns on its impact on social and economic aspects. Although household …

The first part of this thesis presents a decomposition of household savings. One of the
explanations for the wealth gap is that households with the same income level and …

This paper examines empirically the effect of the level of personal bankruptcy protection in
the US on households' demand for financial assets. A Chapter 7 bankruptcy allows …