Advanced search options

Advanced Search Options 🞨

Browse by author name (“Author name starts with…”).

Find ETDs with:

in
/  
in
/  
in
/  
in

Written in Published in Earliest date Latest date

Sorted by

Results per page:

You searched for +publisher:"Virginia Tech" +contributor:("Smith, Hyrum Legrand"). One record found.

Search Limiters

Last 2 Years | English Only

No search limiters apply to these results.

▼ Search Limiters


Virginia Tech

1. Baker, Matthew. The Impact of Bankruptcy Exemptions for Retirement Assets.

Degree: MS, Agricultural and Applied Economics, 2013, Virginia Tech

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 assets under conditions of higher probability of filing for personal bankruptcy.  This hypothesis stems from the concept of asset sheltering, in which an individual will demonstrate a preference for assets that are exempt from a particular risk.    To address our hypothesis, we run a Heckman model on the Survey of Consumer Finances data.  Our results provide evidence to match our theory for only highly educated or financially sophisticated individuals, conditional on owning retirement assets.  That is, we observe highly educated and financially sophisticated households allocate more resources to retirement accounts when they are at higher risk for bankruptcy.  Other characteristic groups do not demonstrate a similarly strong relationship between the probability of filing for bankruptcy and the level of retirement assets. Advisors/Committee Members: Smith, Hyrum Legrand (committeechair), Davis, George C. (committee member), Geyer, Leighton L. (committee member).

Subjects/Keywords: Bankruptcy exemptions; financial planning; retirement assets; financial sophistication; Heckman model

Record DetailsSimilar RecordsGoogle PlusoneFacebookTwitterCiteULikeMendeleyreddit

APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Baker, M. (2013). The Impact of Bankruptcy Exemptions for Retirement Assets. (Masters Thesis). Virginia Tech. Retrieved from http://hdl.handle.net/10919/22080

Chicago Manual of Style (16th Edition):

Baker, Matthew. “The Impact of Bankruptcy Exemptions for Retirement Assets.” 2013. Masters Thesis, Virginia Tech. Accessed July 16, 2019. http://hdl.handle.net/10919/22080.

MLA Handbook (7th Edition):

Baker, Matthew. “The Impact of Bankruptcy Exemptions for Retirement Assets.” 2013. Web. 16 Jul 2019.

Vancouver:

Baker M. The Impact of Bankruptcy Exemptions for Retirement Assets. [Internet] [Masters thesis]. Virginia Tech; 2013. [cited 2019 Jul 16]. Available from: http://hdl.handle.net/10919/22080.

Council of Science Editors:

Baker M. The Impact of Bankruptcy Exemptions for Retirement Assets. [Masters Thesis]. Virginia Tech; 2013. Available from: http://hdl.handle.net/10919/22080

.