Sheraton Uptown, Albuquerque, NM, USA
Sunday, April 23 • 1:00pm - 2:30pm
E3D-Bankruptcy Determinants Among U.S. Households During the Peak of the Great Recession

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Using the 2007-2009 panel Survey of Consumer Finances (SCF), we explore whether the prevailing wisdom on the determinants of bankruptcy can hold its ground in the wake of a systemic downturn in the U.S. economy. We review the literature on the main causes of filing for personal bankruptcy, then test the relative importance of these causes in a logistic regression framework. Preliminary results suggest that, among demographic characteristics of individuals in the SCF, being younger than 35 is the only factor statistically significantly associated with a lower likelihood of filing for bankruptcy. Further analyses will consider additional possible determinants.

Speakers & Presenters

Jonathan Bauchet

Assistant Professor, Purdue University

David A. Evans

Extension Specialist, Purdue University

Sunday April 23, 2017 1:00pm - 2:30pm

Attendees (1)