Jump to ContentJump to Main Navigation
Working and Living in the Shadow of Economic Fragility$
Users without a subscription are not able to see the full content.

Marion Crain and Michael Sherraden

Print publication date: 2014

Print ISBN-13: 9780199988488

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780199988488.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 November 2020

Financial Fragility, Medical Problems, and the Bankruptcy System

Financial Fragility, Medical Problems, and the Bankruptcy System

Chapter:
(p.53) 3 Financial Fragility, Medical Problems, and the Bankruptcy System
Source:
Working and Living in the Shadow of Economic Fragility
Author(s):

Melissa B. Jacoby

Mirya R. Holman

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199988488.003.0003

A significant body of research documents the volatility of household income and assets over the life cycle. The US bankruptcy system is among the policy interventions designed for such disruptions, and several million people pass through this system every year. Measures of homeownership, occupational prestige, and education indicate that they generally are middle class but have very low incomes when they file. This chapter examines the literature on medical problems among bankruptcy filings. It then explores the credit and debt management choices made by financially strapped households before they take the ultimate step of filing for bankruptcy. It focuses particularly on the management of medical bills not covered by insurance. The authors use data from the 2007 Consumer Bankruptcy Project, a nationally representative data set based on court records, written questionnaires, and telephone surveys.

Keywords:   bankruptcy, Consumer Bankruptcy Project, credit, debt, foreclosure, health insurance, homeownership, medical bills, mortgages, net worth

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .