Unemployed households' access to unsecured revolving credit more than tripled over the
last three decades. This article analyses how both cyclical fluctuations and trend increases …

We estimate how the marginal propensity to consume (MPC) out of liquidity varies over the
business cycle. Ten years after a Chapter 7 bankruptcy, the bankruptcy flag is removed from …

This paper estimates the effect of Chapter 13 bankruptcy protection on financial health using
a new data set linking bankruptcy filings to credit bureau records. Our empirical strategy …

A more generous consumer bankruptcy system provides greater insurance against financial
risks but may also raise the cost of credit. We study this trade-off using the 2005 Bankruptcy …

Over the last ten years, 15.1 million people filed for bankruptcy, implying that the bankruptcy
courts have dealt with 16.4 million cars during that same time period. I Although there is …

We investigate the role of information technology (IT) in the collection of delinquent
consumer debt. We argue that the widespread adoption of IT by the debt collection industry …

Perhaps more so than any other area of law affecting individuals of low-tomoderate means,
bankruptcy poignantly presents an affordability paradox: the system's purpose is to relieve …

I propose a model of revolving credit lines and targeted search to analyze what accounts for
the profitability of the US credit card industry. My analyses lead to two main findings. First …

How does gaining access to expensive credit affect the well-being of credit-constrained
households? I use plausibly exogenous zip code level variation in the temporal accessibility …

We examine the effects of the bankruptcy benefit and adverse events on the consumer
bankruptcy decision. Employing zero‐inflated ordered probit models and a unique …