Journal of Undergraduate Research
Keywords
long-term income stagnation, bankruptcy, PSID, Panel Study of Income Dynamics
College
Family, Home, and Social Sciences
Department
Economics
Abstract
Past research has documented a wide array of personal risk factors for declaring bankruptcy, such as a loss of income, medical debt, excessive credit card debt, and large mortgages. These factors fall into two broad categories: adverse events, such as an acute income shock (e.g., job loss), and internal decisions, like budgeting failures where a household’s consumption exceeds income for some time.
Recommended Citation
Sullivan, Daniel and McIntyre, Dr. Frank
(2013)
"Long-term Income Stagnation among the Bankrupt,"
Journal of Undergraduate Research: Vol. 2013:
Iss.
1, Article 200.
Available at:
https://scholarsarchive.byu.edu/jur/vol2013/iss1/200