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Marital status and the decision to file for personal bankruptcy: A duration model approach

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  • Jonathan Fisher

Abstract

This paper examines how changes in marital status and the length of time in current marital status affect the probability of filing for personal bankruptcy. The results show that the probability of filing differs significantly by marital status. Divorced households are more likely to file in the first two years after divorce while married households and single households file later in their tenure. A further contribution of this paper is that it represents the first use of the Panel Study of Income Dynamics (PSID) to examine whether there is duration dependence in personal bankruptcy. Copyright Academy of Economics and Finance 2004

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  • Jonathan Fisher, 2004. "Marital status and the decision to file for personal bankruptcy: A duration model approach," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 28(3), pages 348-360, September.
    • Handle: RePEc:spr:jecfin:v:28:y:2004:i:3:p:348-360
    DOI: 10.1007/BF02751737
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    References listed on IDEAS

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    1. Mark C. Berger & Dan A. Black, 1998. "The Duration Of Medicaid Spells: An Analysis Using Flow And Stock Samples," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 667-675, November.
    2. Agarwal, Sumit & Liu, Chunlin & Mielnicki, Lawrence, 2003. "Exemption laws and consumer delinquency and bankruptcy behavior: an empirical analysis of credit card data," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(2), pages 273-289.
    3. Shumway, Tyler, 2001. "Forecasting Bankruptcy More Accurately: A Simple Hazard Model," The Journal of Business, University of Chicago Press, vol. 74(1), pages 101-124, January.
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    Cited by:

    1. Jonathan Fisher & Angela Lyons, 2006. "Till Debt do us Part: A Model of Divorce and Personal Bankruptcy," Review of Economics of the Household, Springer, vol. 4(1), pages 35-52, March.
    2. Thomas A. Garrett, 2007. "The rise in personal bankruptcies: the Eighth Federal Reserve District and beyond," Review, Federal Reserve Bank of St. Louis, vol. 89(Jan), pages 15-38.
    3. Christian Weller, 2008. "The Erosion of Middle-Class Economic Security After 2001," Challenge, Taylor & Francis Journals, vol. 51(1), pages 45-68.

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