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The Scarring Effects of Bankruptcy: Cumulative Disadvantage across Credit and Labor Markets

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dc.contributor.advisor Reskin, Barbara F en_US Maroto, Michelle Lee en_US 2012-09-13T17:38:46Z 2012-09-13T17:38:46Z 2012-09-13 2012 en_US
dc.identifier.other Maroto_washington_0250E_10291.pdf en_US
dc.description Thesis (Ph.D.)--University of Washington, 2012 en_US
dc.description.abstract Although the labor market functions as the primary mechanism for the distribution of resources in the United States, credit markets can also enhance, maintain, or reduce inequality. My project uses the event of bankruptcy to investigate how credit and labor markets jointly affect inequality. I apply fixed effects and multilevel models to two longitudinal datasets, the National Longitudinal Survey of Youth (NLSY) and the Panel Study of Income Dynamics (PSID), which I have combined with state-level bankruptcy data. My findings support a general model of cumulative disadvantage across spheres in which bankruptcy tends to be sparked by adverse events combined with a high debt burden. After declaring bankruptcy, bankrupters earn less and spend more time out of work than non-bankrupters, net of their prior labor market statuses. Interestingly, bankruptcy has similar causes and consequences for respondents in this sample regardless of their race, ethnicity, or sex. en_US
dc.format.mimetype application/pdf en_US
dc.language.iso en_US en_US
dc.rights Copyright is held by the individual authors. en_US
dc.subject bankruptcy; credit markets; cumulative disadvantage; inequality; stigma; stratification en_US
dc.subject.other Sociology en_US
dc.subject.other Sociology en_US
dc.title The Scarring Effects of Bankruptcy: Cumulative Disadvantage across Credit and Labor Markets en_US
dc.type Thesis en_US
dc.embargo.terms No embargo en_US

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