Crisis and Bankruptcy: The Mediating Role of State Law, 1920-1932

• 成果类型: Article
• 署名作者: American University
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S0022050712000095
• 发表日期: 2012
• 页码: 448-468
• 关键词: time-invariant variables; wage executions; UNITED-STATES; debt; exemption; ECONOMY

摘要

The onset of the Great Depression did not spark a surge in personal bankruptcy. For debtors in default, state garnishment law played a significant role in the decision to file for bankruptcy. Only states that made it easy to garnish a debtor's wages experienced significant increases in bankruptcy as a consequence of the Depression.