Shame as it ever was: stigma and personal bankruptcy.

From: Economic Quarterly | Date: March 22, 2004| Author: Athreya, Kartik | Copyright information

Bankruptcy rates have risen rapidly over the past two decades, most noticeably since approximately 1991, with rates doubling by 1997. To account for this rise in bankruptcy rates, researchers have advanced two--perhaps competing--hypotheses. The first hypothesis is that the availability of unsecured consumer credit has expanded to wider, riskier subsets of the population in response to cost reductions arising from improvements in technology for monitoring and accounting for borrowe...

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