Accounting for the Rise in Consumer Bankruptcies
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Personal bankruptcies in the United States have increased dramatically, rising from 1.4 per thousand working age population in 1970 to 8.5 in 2002. We use a heterogeneous agent life-cycle model with competitive financial intermediaries who can observe households' earnings, age and current asset
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美国国家经济研究局创建时间：
2007-09-01
