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Title: Health Limitations and Additional Predictors of Personal Bankruptcy: A Longitudinal Analysis
Resulting in 1 citation.
1. Creswell, Paul D.
Witt, Whitney
Health Limitations and Additional Predictors of Personal Bankruptcy: A Longitudinal Analysis
Presented: Washington, DC, Association for Public Policy Analysis and Management (APPAM) Annual Fall Research Conference, November 7-9, 2013
Cohort(s): NLSY79
Publisher: Association for Public Policy Analysis and Management (APPAM)
Keyword(s): Bankruptcy; Health Factors; Health/Health Status/SF-12 Scale; Modeling, Hazard/Event History/Survival/Duration; Unemployment

Permission to reprint the abstract has not been received from the publisher.

Using data from the National Longitudinal Survey of Youth (N=6,259), we computed Cox proportional hazards models to explore which covariates increased time-to-bankruptcy over a 20-year period (1984-2004). The variables considered were theoretically derived from the existing literature on bankruptcy. Analyses assessed both time-variant and static covariates.

During the period under analysis, 13% of the sample reported declaring bankruptcy. Experiencing a health limitation or an unemployment spell were each independently associated with shorter times-to-bankruptcy (HR: 1.30; CI: 1.07-1.57 and HR: 1.33; CI: 1.07-1.65, respectively). Being female, longer residency in the U.S., and having parents with lower levels of education were additional risk factors. Compared to remaining unmarried, experiencing marriage or divorce also increased the hazard of bankruptcy (HR: 1.79; CI: 1.45-2.21 and HR: 2.26; 1.80-2.84, respectively).

Bibliography Citation
Creswell, Paul D. and Whitney Witt. "Health Limitations and Additional Predictors of Personal Bankruptcy: A Longitudinal Analysis." Presented: Washington, DC, Association for Public Policy Analysis and Management (APPAM) Annual Fall Research Conference, November 7-9, 2013.