Has Anything Changed in the Past Century? Revisiting Graue's "The Social Cost of Bad Debt"

Friesner, Daniel; Hackney, Donald D.; McPherson, Matthew Q.; Axelsen, Dan

doi:10.2753/jei0021-3624450401

Cited by 2 publications

(1 citation statement)

References 29 publications

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“…As a form of social insurance, there is significant empirical evidence suggesting that the frequency of use, and the distributions of debts discharged through the consumer bankruptcy process, coincide with socio-economic institutions occurring within that community (Adkisson & McFerrin 2005;Dolfsma & McMaster 2007;Friesner, Hackney, McPherson, & Axelsen, 2011;Waller 2001). Tabb (1995 further argues that the vast majority of changes to the U.S. Bankruptcy Code throughout the history of the United States were enacted in response to major financial and/or economic events.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

The Impact of the COVID-19 Pandemic on Consumer Bankruptcies

2021

JABE

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Wallis tests indicate that filers in 2020 had lower average real monthly incomes than in previous years. However, household incomes were not statistically different from previous years. Filers in 2020 has significantly more debt in collections compared to 2007, but no more or less debt than in 2011 or 2016. Chi-square tests report a significantly greater proportion of filings with debts owed to collections agencies in 2020 compared to previous years. Overall, the findings suggest that the pandemic did significantly alter the use, and intensity of use, of the consumer bankruptcy process.

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

The Impact of the COVID-19 Pandemic on Consumer Bankruptcies

2021

JABE

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Investment Portfolio Optimisation Model Based on Stocks Investment Attractiveness

Paseková

Fišerová

Crhová

et al. 2015

Business: Theory and Practice

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The purpose of this contribution is to ascertain the rate of creditors’ satisfaction in debt relief. The aim of the paper is to set an approximation functions which guarantee a value of 100% of satisfaction of creditors’ receivables for a zero rate of debt and asymptotically nears a level of 30% with an increasing rate of debt. There are two methods used in this paper. Method of analysis was used to analyse of collected data on the course of debt relief of natural person. The method of the ordinary least squares method was used for setting the approximation functions. On the basis of a survey, it was found that individual creditors are satisfied to 50% of their ascertained receivables.

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Has Anything Changed in the Past Century? Revisiting Graue's "The Social Cost of Bad Debt"

Cited by 2 publications

References 29 publications

The Impact of the COVID-19 Pandemic on Consumer Bankruptcies

The Impact of the COVID-19 Pandemic on Consumer Bankruptcies

Investment Portfolio Optimisation Model Based on Stocks Investment Attractiveness

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