The Rise in Personal Bankruptcies: The Eighth Federal Reserve District and Beyond (ICPSR 1341)

Version Date: Mar 16, 2007

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Principal Investigator(s):
Thomas A. Garrett, Federal Reserve Bank of St. Louis

https://doi.org/10.3886/ICPSR01341.v1

Version V1

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Summary

Personal bankruptcy filings in the United States increased, per capita, nearly 350 percent between 1980 and 2005. This paper first addresses the changes in economic and institutional factors that have occurred over the past 100 years, many of which have occurred in the past 30 years, which are likely contributors to the dramatic rise in personal bankruptcy filings seen across the country. These factors include a reduction in personal savings, an increase in consumer debt, the proliferation of revolving credit, changes to bankruptcy law, and a reduced social stigma associated with filing for bankruptcy. Given the availability of bankruptcy data at various levels of aggregation, the remaining sections of the paper contain results from several different empirical analyses of bankruptcy filings using various data sets. Careful attention is paid to personal bankruptcy filings in counties located in Eighth Federal Reserve District states.

Citation

Garrett, Thomas A. The Rise in Personal Bankruptcies: The Eighth Federal Reserve District and Beyond. Inter-university Consortium for Political and Social Research [distributor], 2007-03-16. https://doi.org/10.3886/ICPSR01341.v1

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Funding

Federal Reserve Bank of St. Louis. Research Division

Subject Terms

Geographic Coverage

Distributor(s)

Inter-university Consortium for Political and Social Research
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Data Collection Notes

  1. These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.

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Original Release Date

2007-03-16

Version History

2018-02-15 The citation of this study may have changed due to the new version control system that has been implemented. The previous citation was:

  • Garrett, Thomas A. The Rise in Personal Bankruptcies: The Eighth Federal Reserve District and Beyond. ICPSR01341-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2007-03-16. http://doi.org/10.3886/ICPSR01341.v1

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Notes

  • These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

  • The public-use data files in this collection are available for access by the general public. Access does not require affiliation with an ICPSR member institution.