Personal Bankruptcy and the Level of Entrepreneurial Activity
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The U.S. personal bankruptcy system functions as a bankruptcy system for small businesses as well as consumers, because debts of non-corporate firms are personal liabilities of the firms' owners. If the firm fails, the owner has an incentive to file for bankruptcy, since both business debts and the
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美国国家经济研究局创建时间：
2002-11-01
