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Showing 1 to 2 of 2 for “"Bankruptcy exemptions"”.
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The Impact of Bankruptcy Exemptions for Retirement Assets
When filing for personal bankruptcy, an individual can, in almost all cases, claim an exemption for retirement assets. Using the Survey of Consumer Finances from 2007 and 2010, we test the theory that highly educated or financially sophisticated households allocate more resources to retirement …
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Essays in heterogeneous agent macroeconomics.
… in order to assess corporate tax and personal bankruptcy reforms. We document that incorporated entrepreneurs operate larger businesses, accumulate more wealth, and are on average more productive than unincorporated entrepreneurs. We embed the U.S. bankruptcy and incorporation legal systems in …